Case Shiller index for July

Composite 10 : -4.5%
Composite 20 : -3.9%

“The decline in home prices clearly continued into the summer months,” says Robert J. Shiller, Chief Economist at MacroMarkets LLC. “The year-over-year decline reported for the 10-City Composite is the lowest since July 1991. The lowest annual decline in this Index, which dates back to January 1987, was -6.3%, which was reported in April 1991. The further deceleration in prices is still apparent across the majority of regions, with 16 of the 20 metro areas showing a drop in their annual growth rate from what was reported in June.”

We are fast approaching the 1991 bottom, we will soon be out of chart maybe in october, maybe as i speak ...

January1991 -4.57
February 1991 -5.33
Mars 1991 -6.12
April 1991 -6.33
May 1991 -5.73
June 1991 -5.07
July 1991 -4.25