House prices fell in 19 of the 20 cities tracked by the closely watched housing index U.S. House prices fell for the eighth consecutive month in February and are just before the depression reached during the recession in 2009, a survey said.The case-Shiller index is compiled by rating agency standard & poor housing was 3.3% a year ago.
"There is good news about housing, very little, if any," said David Blitzer, S & P's index Committee head.
"Prices continue to weaken, trends in sales and construction are disappointing."
Recent data confirms, that keep US real estate market in a "slow recovery", says Mr. Blitzer, with home sales still close to the recent lows and repossessions and mortgage still increased payment delinquencies.
Tracks that just watched registered index, 19 falling prices in the last 12 months, according to latest data from the company's share of the 20 cities.
The only exception is Detroit, in the heart of the U.S. may belt, where apparently prices finally have bottomed.
However, values in Detroit at home are 30% below their level of 2000, thanks to a stock-market slumps in the city due to the near-collapse of the US car industry.
The index is now just 0.4% above the low it reached in May 2009 after the bursting of the housing bubble U.S..
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