Housing prices across the U.S. continued falling in March but not as sharply as earlier months, according to the S&P/Case-Shiller home-price index. Average sale prices of single-family homes fell 1.9% from a year ago. It is a sign of the housing slump’s severity that a flat index is something to cheer about. Five cities—Atlanta, Chicago, Las Vegas, New York and Portland, still saw average home prices hit new lows since the financial crisis. Home prices in Atlanta fell the most over the year at 17.7%.
Home Prices Signal Slow Recovery
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