California Leads Housing Slowdown As Case-Shiller Home Prices Decline For 4 Months In A Row
Case-Shiller data for August confirmed once again that US housing is rapidly slowing down, when the Top 20 Composite Index (Seasonally Adjusted) posted another decline in August, its fourth in a row, declining by -0.15% and missing expectations of a modest 0.2% rebound (following last month's -0.5%) decline.
S&P's David Blitzer: "The deceleration in home prices continues... The Sun Belt region reported its worst annual returns since 2012, led by weakness in all three California cities -- Los Angeles, San Francisco and San Diego."
- But who cares what the birth (and death) place of every housing bubble is doing, right?http://www.zerohedge.com/news/2014-10-28/california-leads-housing-slowdown-case-shiller-home-prices-decline-4-months-row