Monthly Archives: March 2012

2012 Starts with Case Shiller Decline

The January 2012 Case Shiller index, released March 27, 2012, shows substantial declines. For the New York area January 2012 was a 2.9% decline from the index level in January 2011.  The 20 City Index shows a 3.8% decline over the same period. Despite hopeful signs in the rest of the economy it appears the housing market has not yet reached its bottom.

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