S&P Case-Shiller: Prices Fall Sharply in Q4 2007

clipped from calculatedrisk.blogspot.com S&P Case-Shiller reported that house prices fell sharply in Q4 2007. The first graph shows the Case-Shiller index since 1987. The index fell to 170.64 in Q4, from 180.31 in Q3. A decline of 5.3%, or over 20% at an annual rate. This is the lowest level for the index since Q1 2005. The second graph shows the year-over-year change in the Case-Shiller index. Prices fell 8.9% in 2007 according to Case-Shiller. The index is off 10.2% from the peak.