Case-Shiller: House Prices Declined in July

The Bailout may makes US taxpayers $700 Billion to be lose as the housing supply and demand is already out of control. The congress insurance about the bailout is Useless as even AIG need to be rescue by the US Gov. What Insurance is safe?

The first graph shows year over change in both indices.The Composite 10 is off 17.5% over the last year.The Composite 20 is off 16.3% over the last year.More on prices later ... including selected cities.




The Second graph shows the nominal Composite 10 and Composite 20 indices (the Composite 20 was started in January 2000).The Composite 10 index was off 12.3% annual rate in July (from June), and is off 21.1% from the peak.The Composite 20 index was off 10.1% annual rate in July (from June), and is off 19.5% from the peak.Prices are still falling, and will probably continue to fall for some time.