FXstreet.com (Barcelona) - Standard and Poor's / Case Schiller Housing Prices Index has declined in February, with 17 out of the 20 cities polled posting record low annual declines, according to the latest report by the private institute.

The 20 city composite has posted a 12.7% decline in February, following a 10.7% fall in January. While the 10 city index posted a record low 13.6% decline.

Las Vegas and Miami have posted the largest declines -22.8% and -21.7%, respectively, casually, both cities recorded the largest price increases in the 2004/2005 period with rates peaking above +50% and +30% respectively.