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Tuesday, December 27, 2011

''House prices fall sharply in October''

read more from chicago tribune....

"U.S. home prices declined in October from a month earlier with particular weakness seen in the Midwest and Atlanta, according to the Standard & Poor's Case-Shiller home-price indexes.

Chicago home prices were down 1.8 percent in October following a 0.8 precent drop in September. Year-over-year, Chicago home prices were down 4.8 percent.

Overall, eighteen of the 20 cities in the Case-Shiller index index showed a year-over-year decline, led by a 12 percent drop in Atlanta."

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