And the newest Real Estate data from the Standard and Poors Case Shiller index is out. Because of the delay, the data is up through February of 2008.
What this means is that the difference in sales prices from twice prior sold single family homes only, has decreased across the board in the chosen cities above for the month of February. Unfortunately it’s not just the above city’s that saw a decrease, but every single city measured by the S&P:CS saw a decrease in prices in the month of Feb. Detroit has even fallen below it’s 2000 levels.
Considering the bad news that came in March, I don’t expect next months release to look much better…
