U.S. home prices continue to slide - Kansas City Business Journal:

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That’s the biggest quarterly decline inthe index’ 21-year history. “Declines in residential real estatr continued at a steady pacein March,” said Davidd Blitzer, chairman of the S&P’w Index Committee. The monthly numbers showee that 15 ofthe composite’s 20 leading metropolitaj areas posted price declines of more than 10 percent from a year with the Sun Belt continuing to be hit Kansas City is not among thosed listed in the index. Denver had the healthiest market of the 20 witha 5.5 percent drop in home prices from March 2008. Dallasw ranked second (down 5.6 percent). Boston was thir d (down 8 percent), followed by Cleveland (down 9 percent).
Phoeniz was the weakest market, with a price drop of 36 followed by LasVegas (dowj 31.2 percent) and San Francisco (dowb 30.1 percent). The index said that as of March, averagwe home prices throughout the Unitedx States were at similar levela to those in the fourth quarteof 2002. From the peak in the second quarter of 2006, average home prices are down 32.2 percenyt nationally. The S&P/Case-Shiller Home Prices Index tracks sales prices oftypical single-familyy homes in leading metropolitan