Reuters

(Reuters)

Home Prices Fall Again

Features Reuters

U.S. single-family home prices fell for an eighth straight month in February, showing an industry that is still struggling to recover, a closely watched survey said on Tuesday.

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The S&P/Case Shiller composite index of 20 metropolitan areas declined 0.2 percent in February from January on a seasonally adjusted basis, slightly better than economists' median forecast for a drop of 0.3 percent. The composite still held above its 2009 lows, however.

Prices in the 20 cities have fallen 3.3 percent year over year, in line with expectations.