Home Prices Fall Again but Show Slight Improvement
NEW YORK (TheStreet) -- Home prices fell in February for the sixth consecutive month, but showed slight improvement from January's returns.
Standard & Poor's Case-Shiller home-price index showed Tuesday that home prices fell as the 20-City Composite in February was down 3.5% year over year.
" While there might be pieces of good news in this report, such as some improvement in many annual rates of return, February 2012 data confirm that, broadly-speaking, home prices continued to decline in the early months of the year," said David Blitzer, chairman of S&P's index committee, in a statement.
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The 10- and 20-City Composites improved against the annual rates posted in January of -4.1% and -3.9%, respectively.
The 10-City Composite was down 3.6% from February 2012.
-- Written by Joe Deaux in New York.
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