Case-Schiller Index Shows a 16.4% Decline Year over Year
By Ryan Ward | September 30, 2008
The Case Schiller Index is out for July of 2008 and shows almost a 17% decline in home prices for its 20 city composite survey from the same time in 2007. The Atlanta real estate market shows just over an 8% decline for the same time period. The S&P Case-Schiller Index is widely considered to be the most accurate national home values tracking because of its methods of determining value.
The study picks homes from an area and tracks the sales of the same home through the years and excludes townhomes, condos, new construction and distressed properties.
Category: News | 1 Comment »