Home Prices Continue to Slide

Data released last week by Standard & Poor’s indicates the fourth quarter of 2011 started with broad-based declines in home prices. The 20-city composite of S&P’s closely watched Case-Shiller index was down 1.2 percent in October versus September, while the 10-city composite reading registered a 1.1 percent drop. Home prices fell in 19 of the …

Continue reading ‘Home Prices Continue to Slide’ »

Index Shows Mortgage Defaults Down 45% from 2009

Data through June 2010, released Tuesday by Standard & Poor’s and Experian points to a declining trend in consumer default rates, with a reduction in first mortgage past dues leading the drop. First and second mortgage default rates were 3.3 percent and 2.4 percent, respectively, as of the end of last month, according to the …

Continue reading ‘Index Shows Mortgage Defaults Down 45% from 2009’ »