The S&P Case-Shiller home price index for February 2009 was released today by Standard and Poors. The composite-10 declined 2.11% from January 2008 (last month it declined by 2.55%) and declined by 18.83% from a year ago (compared to 19.39% last month). The composite-10 is now down 31.64% from its peak.
The Composite-10 has now declined at a slower pace year over year for the first time in over two years. The CME futures market is pricing in a further drop of -12.30% by next February for the composite-10.
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