Bad News in Residential Housing Continues

The news does not get any better with housing, even on the second to last day of the year. After the holiday I will take a closer look at how today's report is reflected in the Alameda Residential Housing market. But the synopsis is: The Standard & Poor's/Case-Shiller 10-City Composite Index was released today and it showed a plunged 19.1 percent from a year ago, the steepest declines in 20 years of available data. The 20-city index declined 18 percent.

Read the SF Chronicle Story:

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/30/BUBJ15147U.DTL&tsp=1