The house prices in 20 metropolitan areas around the United States.

The house prices in 20 metropolitan areas around the United States fell 18.7 percent in March compared to the same month in 2008, according to S & P / Case Schiller index. Compared with February, prices fell by 2.2 percent in March.

 

The largest price falls in March 2009, compared with March 2008, reported with Phoenix -36.0 percent, Las Vegas, -31.2 percent and San Francisco, -30.1 percent.

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Lowest price falls reported from Denver, -5.5 percent, Dallas, Boston and -5.6 percent, -8.0 percent.

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In New York fell the prices with 11.8 percent in March, compared to the same month in 2008. In Los Angeles fell the prices with 22.3 percent and in Chicago was the price drop of 18.6 percent.

 

S & P / Case Schiller index based on repeat sales and give therefore a more accurate picture of price trends than indicated in the context of sales statistics for existing homes. The limited sample size could lead to the index overstates price increases in prices as compared to the broader measure of progress for the American house prices.

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