U.S. home prices fall for eighth straight month!
NEW YORK - April 26, 2011 - U.S. single-family home prices fell for an eighth straight month in February, showing an industry still mired in Depression.
The S&P/Case Shiller composite index of 20 metropolitan areas declined 0.2% in February from January on a seasonally adjusted basis, slightly better than economists’ median forecast for a drop of 0.3%. However, the composite still held above its 2009 lows.
Prices in the 20 cities have fallen 3.3% year over year, in line with expectations.