David Blitzer, Managing Director and Chairman of the S&P Index Committee and Professors Karl Case and Robert Shiller, co-founders of the S&P/Case-Shiller Home Price Index, provide insight on the latest data results of the S&P/Case-Shiller Home Price Indices.
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The S&P/Case-Shiller 10- and 20-City Composites lead the National to new lows
With an index value of 136.71, the 20-City Composite fell below its earlier reported March 2011 low of 137.64. Similarly, the 10-City Composite hit a new low, falling below the prior low reported in April 2009. While some believed that the first time homebuyers’ tax credit was the only reason for any boost in home [...]