S&P Home Prices Index Sharpest Drop In Index’s 21-Year History

U.S. home prices fell 4.5 percent in the third quarter from a year earlier, the sharpest drop since Standard & Poor’s began its nationwide housing index — The S&P/Case-Shiller quarterly index — in 1987.

The results point to a slump that is far from over.

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S&P/Case-Shiller® Home Price Indices