The Standard & Poor’s/Case-Shiller home-price index shows that – in most major U.S. cities – home prices dropped in February for a sixth straight month. It’s a clear sign that modest sales gains haven’t been enough to boost prices.
The steady price declines have brought the Case/Shiller nationwide index to a level not seen since late 2002. Home prices have fallen 35 percent since the housing bust, while prices in nine cities fell to their lowest levels since that time. Read the full article online at CNBC.com.