The leading measure of U.S. home prices, the S&P/Case-Shiller Home Price Index released on Tuesday shows that the U.S. National Home Price Index declined 2.0 percent in the third quarter of 2010, after having risen by 4.7 percent in the second quarter. Nationally, home prices are 1.5% below their year-earlier levels.
In September, 18 of the 20 metro areas covered by the S&P/Case-Shiller Home Price Indices were down.
Of the 15 housing markets that will fall the most by 2012, Florida accounts for 9 of them, according to businessinsider.com. The nine housing markets are:
- Pensacola
- Cape Coral
- West Palm Beach
- Punta Gorda
- Orlando
- Fort Lauderdale
- Gainesville
- Miami
- Naples
