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Home Prices 'Drifted Lower' In Recent Months

Home prices across the U.S. are still only "back to their first quarter of 2003 levels" and "drifted lower in September and the third quarter," according to the widely watched S&P/Case-Shiller Home Price Indices, which were just released.

As The Associated Press says, the news is "the latest evidence that the troubled housing market won't recover any time soon."

According to a statement from economist David Blitzer, who chairs the Index Committee at S&P Indices:

"The National Index was down 3.9% versus the third quarter of 2010 and up only 0.1% from the previous quarter. Three cities posted new index lows in September 2011 — Atlanta, Las Vegas and Phoenix. Seventeen of the 20 cities and both Composites were down for the month. Over the last year, home prices in most cities drifted lower. The plunging collapse of prices seen in 2007-2009 seems to be behind us. [But] any chance for a sustained recovery will probably need a stronger economy."

Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.

NPR

'End Of The Tour': An Unauthorized 'Anti-Biopic' Of David Foster Wallace

Instead of telling the author's life story, the film (which the Wallace estate does not approve of) focuses on five days in 1996 during the publicity tour for Infinite Jest.
NPR

Humans Aren't The Only Ones To Go Ape Over Diets: Chimps Detox, Too

A group of Ugandan chimps has found a great way to boost their mineral intake and neutralize bitter compounds in their diet: by eating clay.
WAMU 88.5

The Politics Hour - July 31, 2015

Join us for our weekly review of the politics, policies, and personalities of the District of Columbia, Maryland and Virginia.

NPR

In Michigan, A Testing Ground For A Future Of Driverless Cars

Automakers and researchers are using a 32-acre fake city at the University of Michigan to simulate a real-world environment for autonomous vehicles. How will such cars affect urban planning?

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