住宅指数が下げ止まらない。
U.S. home prices continued their downward march in February, according to the S&P Case-Shiller home-price indexes.
Housing prices have fallen in recent months, increasing fears of a double dip in the home-buying market and a longer trudge toward recovery than was once expected. Last week, the National Association of Realtors said existing home sales increased 3.7% in March from February, but prices slipped.
The housing market remains troubled, as the existing-homes market's woes continue rippling into the new-home sector. Builders are having trouble competing with existing inventory, particularly rock-bottom prices on distressed deals.
The Case-Shiller index of 10 major metropolitan areas fell 1.1% compared with January, and the 20-city index also fell 1.1%. Adjusted for seasonal factors, both the 10-area and 20-area indexes declined 0.2%.
Compared with a year earlier, unadjusted February prices fell 2.6% for the index of 10 metro areas, while the 20-city index declined 3.3%.
"There is very little, if any, good news about housing," said David M. Blitzer, chairman of S&P's index committee.
All of the major areas saw prices decline from a month earlier, with Minneapolis seeing the biggest drop at 3.1%, followed by San Francisco at 2.6%.(WSJ)
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