Case-Shiller U.S. Home Price Index Declines by Record Annual Levels in May

The S&P Case-Shiller U.S. home price index continued to deteriorate in May as the 20-city composite index posted a record annual decline of 15.8%. The Case-Shiller index has fallen every month since peaking in July 2006. The month-over-month decline in home prices was 0.9%, compared to the 1.3% loss in the ...