Home prices fall for 8th month in Feb: S&P/Case

By @ibtimes on

U.S. single-family home prices fell for an eighth straight month in February, showing an industry that is still struggling to recover, a closely watched survey said on Tuesday.

The S&P/Case Shiller composite index of 20 metropolitan areas declined 0.2 percent in February from January on a seasonally adjusted basis, slightly better than economists' median forecast for a drop of 0.3 percent. The composite still held above its 2009 lows, however.

Prices in the 20 cities have fallen 3.3 percent year over year, in line with expectations.

(Reporting by Leah Schnurr; Editing by James Dalgleish)

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