HOUSE PRICES FALL WORSE THAN EXPECTED, DOWN 4% FOR 2011

sprawl suburbs scottsdale housing houses

Photo: Wikimedia Commons

ORIGINAL POST: The granddady of housing data: Case-Shiller housing comes out at 0.Analysts expect to see a 0.35% monthly decline in home prices.

On a year over year basis, the decline for December is expected to be 3.65%.

We’ll have the number here LIVE as it comes out.

UPDATE:

Worse than expected…

House prices in December fell 0.5% sequentially, worse than the 0.35% decline that was expected.

That’s modestly better than the 0.74% decline from last November, but still it’s a bummer.

On a year over year basis, house prices fell 3.99%, worse than the 3.65% expected.

The full report can be downloaded here.

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