Latest Case Shiller Index Falls 18%

The Index for April, reported June 30, 2009.Click for larger image in new window.Barry Ritholtz Big Pictures the numbers: "The reduced collapse speed (another one of those famed 2nd derivatives) is primarily a function of foreclosure moratoriums. The overall trend in housing remains weak, with soft demand, excess inventory and heavily indebted consumer unlikely to effect a V-recovery."And