David Blitzer, managing director and chairman of the Index Committee at Standard and Poor’s, discusses the latest S&P/Case Shiller home-price index, which showed price declines continued to worsen in May:
Home Prices In May Took A Steep Fall
WSJ, July 30, 2008
U.S. stocks fell and the Dow Jones Industrial Average lost more than 200 points for the second time in three days after the International Monetary Fund said there is no end in sight to the housing slump.
Running time 02:19
U.S. Stocks Tumble Led by Banks on IMF’s Housing Outlook:
Bloomberg, July 28 2008