A well-respected home price index, the S&P Case Shiller home price index, shows a -3.5% decline in February from a year ago over 20 metropolitan housing markets, S&P said Tuesday.
Home prices are now back to November 2002 levels. It is now down -35% from their 2006 home price bubble peaks.
While there are a few signs that the US housing market is beginning to hit the bottom, housing prices have not stopped declining.
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