Sept. S&P/Case-Shiller Home Price Index (.pdf): -12.8% and -13.3% for the 10- and 20-city...

|By:, SA News Editor
Sept. S&P/Case-Shiller Home Price Index (.pdf): -12.8% and -13.3% for the 10- and 20-city readings, a 1.7% improvement from a month ago. Figures continue to support the stabilization story, "but we do need to be cautious in coming months to assess whether the housing market will weather the expiration of the Federal First-Time Buyer’s Tax Credit in November, anticipated higher unemployment rates and a possible increase in foreclosures."