And also that LoanPerformance announced today that house prices fell 0.7% in October.
Since most people have been following Case-Shiller, here is a graph of the LoanPerformance index (with and without foreclosures) and the Case-Shiller Composite 20 index.
Click on graph for larger image in new window. This graph shows the three indices with January 2000 = 100.
The indices mostly move together over time. Notice how the total LoanPerformance index fell further than the index excluding foreclosures - and also rebounded more.
The Case-Shiller index will probably show a decline in October - although Case-Shiller is an average of three months, so it might be a small decrease. The question is how much further will prices fall?