Tuesday, February 24th, 2009
Case-Shiller index still in cliff-dive mode
No surprise here, but the S&P/Case-Shiller index out today calls 2008 the worst year in the 21-year history of the measure. The National Association of Realtors already has called ‘08 the most painful year for home prices since the Great Depression.
Here’s the Case-Shiller index for Miami-Dade, Broward and Palm Beach counties since 1987:
http://blogs.palmbeachpost.com/realtime/files/2009/02/picture-2.png
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