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Home Prices Decline, Consumer Confidence Moves Up Slightly

Posted by Northern Trust in October 1st 2008  
Home Prices Decline, Consumer Confidence Moves Up Slightly The ongoing financial market crisis is at the front and center; the credit crunch and frozen money markets remain a serious global problem even as central banks continue to pump liquidity. We will comment on developments as more details of modifications to TARP become available. The Case-Shiller Home Price Index for July declined 16.4% on a year-to-year basis in July, after a 15.9% drop in June. The July reading is the largest drop on

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Filed under: Fundamental