Watchlist Sponsored By :
- US Mortgage Refinancing Up; Buying Demand Sinks
- Rising Jobless Biggest Threat to World Trade: WTO
- Gold Hits $1,122, Barrick Chief Says Selloff Possible
- Wall Street Pay Is Often too High: Bill Gates
- Morgan Stanley Gets Aggressive in Luring Brokers
- Foreclosures Fall Again But Improvement Likely Fleeting
- Highest State Foreclosure Rates
- Yuan Critics Want Obama to Keep Campaign Promise
- Obama Most Powerful Person in World: Forbes
- What to Expect From Disney Earnings?
- HP's Shot Across Cisco's Bow
- USC Football Blog Leads All-Access Space
- Clowning Around At Work
- Ahead of Earnings Disney Restructures Studio
- Nov. 11: Unusual Volume Leaders
- 3 'Clear Sailing' Mid-Caps For Investors: Strategist
- Intimate Apparel Sales Heating Up: Maidenform CEO
- A Day On The USS Harry S. Truman
MOST SHARED
- Hewlett-Packard to Acquire 3Com for $2.7 Billion in Cash
- How the Droid and Google Threaten the GPS Makers
- Dollar Trouble, Oil's Bubble Could Derail Recovery
- CNN Anchor Lou Dobbs Says He is Leaving Network
- USC Football Blog Leads All-Access Space
- Shopping for Answers
- HPQ to Acquire 3Com
- Rising Jobless Biggest Threat to World Trade: WTO
- APEC Pledges to Back 'Market-Oriented' Currencies
- Pricier Beer Helps AB InBev Operating Profit
powered by digg
Home Prices Tumble Again; 'No Sign of a Bottom'
Topics:Subprime Lending | Mortgages | Housing | Real Estate | Consumers
Sectors:Construction and Materials
Text Size 
 |
AP |
The composite month-over-month index of 20 metropolitan areas fell 2.6 percent to 175.94 in February from January, for an annual drop of 12.7 percent.
S&P said its composite month-over-month index of 10 metro areas slid 2.8 percent in February to 190.58, for an record annual decline of 13.6 percent.
Investor Takeaway
Eight of the top 20 metro areas, as well as both composite measures had their biggest monthly declines in February, S&P said in the release.
The pace of the monthly drop accelerated in February, with the 20-city index sliding 2.4 percent and the 10-city index falling 2.3 percent in January.
"There is no sign of a bottom in the numbers," David Blitzer, chairman of the index committee at S&P, said in a press release.
Copyright 2009 Reuters. Click for restrictions.
Print
Email
- Bernard and Ruth Madoff's personal possessions will be auctioned this weekend. Click ahead to see.
- US real estate prices have fallen dramatically, but some places are still doing well. See the best-performing zip codes this year.
- An Italian cashmere maker aims to make profits while creating ideal conditions for his workers.
- Just in time for the holidays, the Triumph company of Japan offers the latest innovation in women’s undergarments.
- The real result of health care reform will be bloated government and higher deficits, says Larry Kudlow.
- Vote and suggest your own, and remember--there's a fine line between a hero and a zero.
MORE FROM CNBC
Data is a real-time snapshot *Data is delayed at least 15 minutes