Case-Shiller Housing Price Index Continues to Plummet

As reported by Bloomberg - "Home Prices for 20 U.S. Cities Decline Most on Record":

House prices in 20 U.S. cities declined in the year ended in September at the fastest pace on record as rising foreclosures pushed down property values.

The S&P/Case-Shiller home-price index dropped 17.4 percent in September from a year earlier, more than forecast, after a 16.6 percent decline in August. The gauge has fallen every month since January 2007, and year-over-year records began in 2001. - (Bloomberg)

(Click on Case-Shiller housing price chart for larger image)

Let's reiterate, the 20-city Case-Shiller home price index / composite was down over 17% year over year. No surprise, leading the year over year housing price free-fall was Phoenix, AZ (31.90% drop) and Las Vegas, NV (31.33% drop) while Dallas, TX (2.73% drop) and Charlotte, NC (3.50% drop) saw the smallest home price declines.

What else can be said but, wow! The housing market drubbing endlessly continues to go on and on and ....... when will this housing saga end? Someone, anyone, please help! We're past the point of asking, we're on our knees begging for mercy.