Linda Young – AHN News Writer
Washington, DC, United States (AHN) – U.S. housing prices continued their downward spiral as the real estate market continues to adjust to a glut of housing units and a dearth of people willing and/or able to buy.
The latest figures available from Standard & Poor’s Case Schiller housing index are for February and show the eighth consecutive month of a decline in prices.
Housing prices for February were down 3.3 percent from the same time a year ago and are now just 0.4 percent above the low seen during the 2009 recession.
S&P/Case-Shiller’s index of home prices in 20 cities shows prices down by 32 percent from their bubble-high values in May 2006.
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