US home prices drop for 6th straight month
Home prices fall in most US cities for sixth straight month, as housing struggles to recover
WASHINGTON (AP) — Home prices dropped in February in most major U.S. cities for a sixth straight month, a sign that modest sales gains haven’t been enough to boost prices.
The Standard & Poor’s/Case-Shiller home-price index shows that prices dropped in February from January in 16 of the 20 cities it tracks.
The steepest declines were in Atlanta, Chicago and Cleveland. Prices rose in Phoenix, San Diego and Miami. They were unchanged in Dallas.
The declines partly reflect typical offseason sales. The month-to-month prices aren’t adjusted for seasonal factors.