The S&P Case-Shiller home price index for March 2009 was released today by Standard and Poors. The composite-10 declined 2.06% in March compared to February 2009 (last month it declined by 2.12%) and declined by 18.65% from a year ago (compared to 18.89% last month).
The composite-10 is now down 33.09% from its peak. The Composite-10 has now declined at a slower pace year over year for two months in a row after declining at a faster pace each month for 25 months in a row.
The CME futures market is pricing in a further drop of -10.40% by next March for the composite-10.
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