Wednesday, December 26, 2007

Louis J Sheehan 63379 H18

The decline in home prices accelerated and spread to more regions of the country in October, according to a series of private indexes released Wednesday.
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Prices fell 6.1 percent from October 2006 in 20 large metropolitan areas, according to Standard & Poor’s/Case-Shiller indexes, compared with a 4.9 percent decline in September. All but three of the 20 regions saw real estate values fall, and even the three places — Seattle, Portland, Ore., and Charlotte, N.C. — where prices were up from a year ago saw prices fall from a month earlier.

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