Home prices off record 18% in past year, Case-Shiller says

Date: Tue, 30 Dec 2008 12:01:09 -0500

Home prices off record 18% in past year, Case-Shiller says

Home prices in 20 major U.S. cities drop a further 2.2% in October
from September, with their annualized drop working out to a record 18%
, according to the Case-Shiller price index compiled by Standard &
Poor's. An IHS Global Insight analysts sees little respite for
homeowners.

ECONOMIC REPORT: U.S. CONSUMER CONFIDENCE HITS RECORD LOW ON JOB,
BUSINESS WORRIES

Consumer confidence hit a record low in December, according to the
monthly Conference Board index reported Tuesday, as worries increased
about current business and labor-market conditions.

AUTOMAKERS SET TO RALLY AS GMAC SECURES U.S. FUNDING

Shares of U.S. automakers General Motors and Ford rally ahead of the
opening bell, buoyed by news that GMAC Financial Services had received
government funding.

MARK HULBERT: GOLD TIMERS MORE BULLISH THAN THEY'VE BEEN IN FIVE MONTHS

The editor of the average gold-timing newsletter is more bullish today
than he has been in nearly six months.

ISRAEL VOWS A 'LONG' GAZA CAMPAIGN: REPORTS

As Israel marks the fourth day of a fierce air assault on Gaza, the
country's interior minister Meir Sheetrit rejects the possibility of a
ceasefire, vowing the attacks will continue until the threat of
rockets from Hamas is completely eliminated.