U.S. house prices fall close to 2009 lows with record number of foreclosures blamed | Mail Online

U.S. house prices fall close to 2009 lows with record number of foreclosures blamed | Mail Online

With home prices falling in most major U.S. cities for the seventh month in a row, at least ten major markets are at their lowest point since the housing bubble burst.

Nineteen of the 20 cities in metro areas from January to February and 11 markets experienced faster price declines compared with the previous month, according to the Standard & Poor's/Case-Shiller 20-city index.
The index is slightly above the level hit in April 2009, the lowest point since the bubble burst. But analysts expect the March index will fall past the low point.