Pace of decline in U.S. home prices slows in February

The S&P Case-Shiller home price index fell less than expected in February, although 10 of 20 metro areas still showed record rates of decline. The 20-city composite index posted a decline of 18.63%, slightly less than the 18.70% decline expected. The previous month’s decline was revised to -19.00% from an initially reported 18.97% fall.

Source: Mortgage News Daily

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