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« San Francisco Apartment Complex Sells for $115M | Main | The Business of Business Cards » April 29, 2008More Bad News to Start Your DayFebruary S&P/Case-Shiller 20-city home price index down 12.7 pct WASHINGTON (Thomson Financial) - U.S. home prices continued to fall in February and the pace of decline continued to quicken, according to the S&P/Case-Shiller Home Price Indexes released on Tuesday. The February 20-city price index was off 12.7 percent from the year before, in line with expectations of a decline in the 12.5 percent range, and down 2.6 percent from January. The 10-city composite index, which contains more large 'bubble markets,' posted a new record-low annual decline of 13.6 percent and a monthly drop of 2.8 percent. Posted by Jeff Brooks on April 29, 2008 10:02 AM | Permalink TrackBackTrackBack URL for this entry: |