Industry NewsMarkets & Economy

Prices fall in 19 of 20 Case-Shiller metros

Half of markets see new lows

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Half of the 20 major metro markets tracked by a Standard & Poor's/Case-Shiller Home Price index hit new lows for the downturn in February, and the 20-city composite index is "within a hair's breadth of a double dip," Standard & Poor's said in releasing the latest numbers today.The 20-city composite index was down 1.1 percent from January (not seasonally adjusted), and 3.3 percent from a year ago, for a total decline of 32.6 percent since the summer of 2006. Atlanta; Charlotte; Chicago; Las Vegas; Miami; New York; Phoenix; Portland, Ore.; Seattle and Tampa all posted new lows for the third month in a row (not seasonally adjusted).Looking back a year, the index scores were down in 19 of 20 markets tracked -- the lone exception being Washington, D.C., which posted a 2.7 percent growth rate.Prices also slipped in 19 out of 20 markets from January to February. The only market to post month-over-month price appreciation -- Detroit -- hit a new low for the downturn in Januar...