Home Price Index

Home Prices Struggle with Downward Trend 

Home prices are edging closer to 2009 lows according to the latest data from the S&P/Case-Shiller Home Price Indices.  In the report, the 10-city index fell by 2.6% and the 20-city composite fell by 3.3% when comparing February 2011 to February 2010.   Washington D.C. was the only market area to post a year-over-year gain, showing an annual growth rate of 2.7%. “There is very little, if any, good news about housing. Prices continue to weaken, trends in sales and construction are disappointing.” says David M. Blitzer, Chairman of the Index Committee at S&P Indices. “Ten of the 11