U.S. home prices were nearly unchanged in February, after slumping 0.1% in each month since November, according to S&P/Case-Shiller's 20-city composite index released Tuesday. After seasonal adjustments, home prices in February rose 0.8%. Meanwhile, longer-term trends show that price growth is slowing down. On a year-over-year basis, home prices rose 12.9% in February, down from 13.2% in January and a recent peak of 13.7% in November. "The annual rates cooled the most we've seen in some time," David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said in a statement. Including February, prices remained about 20% below a 2006 peak.
Source: Marketwatch
Source: Marketwatch
