Fed Rate Decision Shields Dollar From Horrid Housing Data |
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According to the Standard & Poor’s/Case-Shiller home price index released today, US home prices in 20 cities fell by 12.7% in February compared to a year ago. This decline was worse than the 12% drop expected by many, and steeper than the 10.7% drop posted in January. Record annual declines were seen in 17 of the 20 metro areas. Las Vegas and Miami have the worst declines: Home prices dropped 23% in Las Vegas and 22% in Miami. The only area with a gain was Charlotte which registered a 1.5%
Filed under: Fundamental
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