Unfortunately, the bad housing numbers keep coming almost on a daily basis. Today, the S&P/Case-Shiller Home Prices Index was released and, as expected, the news are grim. The index shows declines in the prices of existing single family homes across the United States worsened in February 2008, with 17 of the 20 now reporting MSAs posting record low annual declines, 10 of which are in the double digits.

Broadbased, Record Declines in Home Prices in October According to the
S&P/Case-Shiller® Home Price Indices.

I always say that the Standard & Poor’s/Case-Shiller index is the best measure of the state of the housing market because, unlike the median home price, it shows the change in real home prices.

The Bear Stearns Companies Inc. (NYSE: BSC) said today (August 3) that it is disappointed with S&P’s decision to change its outlook on Bear Stearns.

Content Enhancements Revealing Company Adjustments to New FASB Rules Allow Users to Improve Corporate Financial Analysis