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U.S. S&P/Case-Shiller Home Price Index Slides in February |
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US Economy |
Written by CEP News |
Apr 29 08 14:08 GMT |
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(CEP News) - The S&P Case-Shiller home price index continued its sharp decline in February as both the 10-city and 20-city composite indexes recorded annual declines in excess of 12%, with 10 of the 20 metropolitan areas posting declines in excess of 10%.
The 20-city composite index, which tracks the price path of typical single-family homes in 20 metropolitan areas, fell by 12.72% over the year. The 10-city composite index set yet another record, falling by 13.55% since last year. In the previous month, the 20-city composite had fallen by 10.7% over the year while the 10-city composite had fallen by 11.4%. The 20-city composite now stands at a level of 175.94 while the 10-city composite is at 190.58. In the December report, the 10-city composite had set a new record by declining 9.8% while the 20-city composite recorded an annual decline of 9.1%. By Patrick McGee,
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, edited by Nancy Girgis,
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