U.S. home prices fell 3.0% in February, according to the Denver-based Integrated Asset Services's monthly IAS360 House Price Index.
The latest slide adds up to a 14.4% decline on a year-over-year basis, and 17.9 % since the height of the real estate bubble in 2006, the report said. Much of the past year's declines, 10.9% worth, have occurred since September 2008.
Dave McCarthy, President and CEO of IAS, said that he sees no indication of a positive turn in the housing market; in fact, the rate of price decline in increasing in some areas.
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