DALLAS – Home prices have declined after a decade of growth, according to the S&P CoreLogic Case-Shiller Index.
Home prices in March fell 1.2 percent from the previous year. They have fallen 7.5 percent since last June, when they peaked, but increased from February to March. This is the first year-over-year decline since February 2012.
The median price for a single-family home declined 5 percent in April compared with last year. Transactions were down 8 percent.
The Case-Shiller Index compares price changes over time for specific properties. It is a couple months behind current market conditions.