(Reuters) - "The annual declines in the composites are a good indicator of the dire state of the U.S. residential real estate market," Robert J. Shiller, chief economist at MacroMarkets LLC, said in a release.
"The 10-City and 20-City Composites are both showing negative annual returns, a striking difference from the 15.1 percent and 14.7 percent returns they reported this time last year," he said. "The dismal growth in the 10-City composite is now at rates not seen since January 1994."
Read more at Reuters.com Economic News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment