Good News! Case-Shiller Home Price Index Didn't Break a Record in February
The Standard and Poor’s Case-Shiller Home Price Index for February was released Tuesday, and showed that home prices in the twenty U.S. cities that the report covers fell at an annual rate of 18.6 percent between February 2008 and February 2009. That rate of decline was slightly lower than the 19 percent reported for January, but more importantly, the annual rate of decline did not set a new record for the first time in sixteen months.