Case-Shiller Shows U.S. Home Prices Hit Fresh Lows In February

A closely-watched gauge of U.S. home prices stumbled again in February, with the S&P/Case-Shiller home price indices making fresh cycle lows in its 10- and 20-city measures.

Nine of the major metropolitan areas in the report were down again in February, according to the data out Tuesday morning – Atlanta, Charlotte, Chicago, Cleveland, Las Vegas, New York, Portland, Seattle and Tampa – dropping to their lowest levels of the post-crisis era.

On a year-over-year basis Atlanta was by far the worst-performing market, with home prices diving 17.3%, the city’s worst decline in the 20-year history of the index.  Read the full article here