Case: Housing Prices Poised to Fall 15 Percent

The run-up in housing prices that began earlier this year may soon be a thing of the past, says Wellesley College economist Karl Case.

The Standard & Poor’s/Case-Shiller home price index for 20 major cities, which he co-founded, rose 0.4 percent in October from September.

That represented the fifth straight month of rising prices, but the rate of increase has plummeted.

And prices were unchanged or fell in nine cities.

“I’m worried. Everyone’s worried,” Case told The New York Times. (more)