Case-Shiller: Home prices drop in 19 of 20 metros

A monthly home-price index that tracks 20 major U.S. metro areas dropped 12.7 percent in February compared to the same month last year.

Nineteen of 20 metro areas in the monthly S&P/Case-Shiller index experienced annual declines in February, with double-digit percentage declines in 10 metro areas.

The index gauges the value of homes over time, based on price pairs for repeat sales of the same homes.

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