http://seattletimes.nwsource.com/html/businesstechnology/2016885469_caseshiller30.html
U.S. home prices are falling again in most major cities, including Seattle, after posting small gains over the summer and spring — the latest evidence that the troubled housing market won’t recover any time soon.
The Standard & Poor’s/Case-Shiller index released Tuesday showed prices dropped in September from August in 17 of the 20 cities tracked. That was the first decline after five straight months where at least half of the cities in the survey showed monthly gains.
In the Seattle metropolitan area, which includes King, Snohomish and Pierce counties, September prices were down 1.1 percent from August, the second monthly decline after five straight months of increases. Just five other cities saw bigger monthly drops. Seattle-area home prices were down 6.5 percent from September 2010, according to Case-Shiller.
Sales of previously occupied home sales are on pace to match last year’s dismal figures — the worst in 13 years. Sales of new homes are shaping up to be the worst since the government began keeping records a half century ago.