Wednesday, November 17, 2010

Upcoming Case-Shiller numbers expected to show price declines

Goldman Sachs expects the September Case-Shiller numbers to show home price declines:
Case-Shiller figures for September aren’t due until later this month, but analysts at Goldman Sachs are forecasting that price drops accelerated into autumn. In a note released Monday, Goldman estimates that the index will show that home prices declined by 0.45% in the three month period ending in September.
The next update of the S&P/Case-Shiller index is due to be released on Tuesday, November 30th.