Home Prices | featured news

U.S. home prices fell by 0.5% in March as compared to February, according to the S&P/Case-Shiller home price index. The index measures average home prices in 20 major US cities. On a positive note, prices were up 2.3% versus March of 2009.

Home prices rose in nearly 60 percent of U.S. cities in the first quarter of this year, as the housing market started to stabilize thanks to billions of dollars in federal spending.

Federal subsidies, low interest rates, falling home prices--find out how to get on board before these benefits run out.

While the Case-Shiller index showed prices were slightly higher than in December, the rebound seems to be fading. The Standard & Poor’s Case-Shiller Index rose 0.3 percent in January from December, seasonally adjusted, its eighth consecutive monthly increase.

California's median home price rose 11% in February from a year earlier, while home sales in the state dipped for the second consecutive month.

While the 20-city home price index rose 0.3 percent from November to December, the index was off 3.1 percent from December a year ago.

Home prices fell in November for the first time in seven months, according to a industry report released Tuesday.

Dow futures were up 30 points. The S&P Case-Shiller home-prices indexes showed U.S. home prices decreased at a slower annual rate in October, but prices were flat compared to September.

Home prices fell in the third quarter from year-ago levels in about 80 percent of U.S. metropolitan areas, the National Association of Realtors said on Tuesday.

U.S. home prices in July rose for the third straight month, surpassing forecasts and suggesting that the housing market is stabilizing after a three-year plunge.