The barrage of bad housing news continued Tuesday when the S&P/Case-Shiller home price indices were released. The groups' 10- and 20-city home price composites show the annual return on homes declined 2 percent and 3.1 percent, respectively, from their levels in January 2010. Of the metropolitan areas studied, just Washington, D.C., and San Diego posted positive housing returns. According to the Associated Press, housing prices are now at 2003 levels, when the housing bubble was just beginning to inflate.
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