Home Prices In 20 U.S. Cities Drop Most In More Than 12 Months - Robert Shiller, Karl Case With Bloomberg
April 26 (Bloomberg) -- Karl Case, co-creator of the S&P/Case-Shiller Index, discusses today's report on residential real estate prices in February and the outlook for the U.S. housing market. The index of property values in 20 cities fell 3.3 percent from February 2010, the biggest year-over-year decrease since November 2009, the group said today. The decline matched the median forecast in a Bloomberg News survey. Case talks with Tom Keene.
April 26 (Bloomberg) -- Karl Case and Robert Shiller, founders of the S&P/Case-Shiller home-price index, talk about the outlook for the U.S. housing market. Residential real-estate prices dropped in the 12 months to February by the most in more than year, putting the market on the verge of eclipsing the nadir reached during the U.S. recession.