The October Case Shiller home price indices, released today, showed the 10-city index declined 1% to 154.1 and the 20-city index lost 1.2% settling at 140.3. Aside from the Phoenix market, which held steady, every other major real estate market declined slightly. Los Angeles declined the most, dropping 1.5% to 165.51. For more information, see our Home Price Index Report.
-From the St. Louis Federal Reserve