"There is very little, if any, good news about housing. Prices continue to weaken, trends in sales and construction are disappointing," David M. Blitzer, chairman of the S&P/Case-Shiller Home Price Index Committee says in the latest report from the widely watched S&P/Case-Shiller Home Price Indices.
According to S&P/Case-Shiller's data for February, "prices for the 10-and 20-city composites are lower than a year ago but still slightly above their April 2009 bottom. ... Washington D.C. was the only market to post a year-over-year gain with an annual growth rate of +2.7 percent. Ten of the 11 cities that made new lows in January 2011 saw new lows again in February 2011."
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