Consumer Confidence Retreated in July

(Source: Wall Street Journal)

U.S. home prices continued their multiyear slide in May, according to the S&P Case-Shiller home-price indexes, although the indexes showed their fourth-straight month of slightly smaller declines and increased month-to-month for the first time in nearly three years.

Sixteen of 20 major metropolitan areas posted price declines of more than 10% from a year earlier, with the Sun Belt continuing to be hit the hardest. Nationally, home prices are at levels similar to the middle of 2003.

Separately, U.S. consumer confidence retreated once again in July, a report released Tuesday said.

Read Kerry Grace Benn’s full article “Home Prices Post Monthly Increase” in the Wall Street Journal (July 28, 2009).

Further reading:

Case-Shiller: Home prices down, but decline is levelling” (Phoenix Business Journal, July 28 2009)

Home prices up for 1st time in 3 years” (CNN, July 28 2009)

Investor Caution Sends Markets Lower” (New York Times, July 28 2009)

Developments featured in this article

More Like This

Facebook Chatter