According to the S&P/Case-Shiller Home Price Indices

New York, November 29, 2011 – Data through September 2011, released today by S&P Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show that nationally home prices did not register a significant change in the third quarter of 2011, with the U.S. National Home Price Index up by only 0.1% from its second quarter level. The national index posted an annual decline of 3.9%, an improvement over the 5.8% decline posted in the second quarter. Nationally, home prices are back to their first quarter of 2003 levels.

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Home prices showed little change in the third quarter nationally, edging up 0.1 percent from the prior period, according to the S&P/Case-Shiller U.S. National Home Price Index. Overall, home prices are back to their first quarter of 2003 levels. Economists expected little change in the…

via Housing Prices Fell 3.9 Percent in 2011, Back to 2003 Levels.

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