The latest S&P/Case-Shiller Index is in. Don’t hold your breath. It showed continued housing price declines in November, including in the Boston area.
The bottom line: U.S. prices fell an additional 3.7 percent in November compared to the year before, higher than what most economists had expected.
Here’s one hoot: Detroit actually saw an increase in prices. Considering how low the city has sunk, Detroit practically had no where else to go but up.