Posted on Saturday, February 21, 2009
The S&P/Case-Shiller home-price index show no area experienced year-over-year price gains, the eighth straight month that has happened. Phoenix, Las Vegas and San Francisco continued to lead decliners, with year-to-year drops over 30%. In 20 major metropolitan areas, home prices dropped 18.2% from the prior year. As of November, the 20-city is down 25% from its bubble peak.