According to the Standard & Poor’s Case Schiller index, the home prices in the nation’s largest cities fell again in November. 19 of the 20 cities, tracked, including Chicago, were in negative territory. The index was down 3.7% compared to November of 2010.
Typically, home prices fall during the winter months as most people tend to buy homes and condos in the spring and summer months. These are signs that the housing and condo market continues to still be weak and that prices will still be soft in the next few months.