Home Price Indices Drop Again in February

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The 10-city index fell 1.2 points to 146.9 in February 2012 and the 20-city index fell 1 point to 134.2. Only three cities saw an index increase: Phoenix rose 1.3 points to 104.1, San Diego increased .3 points to 149.1, and Miami went up .9 to 139.49. All the other tracked cities decreased. The most notable losses were Atlanta falling 2.1 points, or 2.5%, to 83.3; Chicago dropping 2.7, or 2.5% to 105.4, and Cleveland slipping 1.6 points, or 1.7%, to 94.14.

For more information, see our Home Prince Index Report

–From the St. Louis Federal Reserve

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