The housing slowdown has broadened in the United States, with more than half of major metropolitan markets recording year-over-year price declines in February, according to the latest S&P CoreLogic Case-Shiller Home Price Indices.
The national housing price index rose 0.7 percent year over year in February, down from 0.8 percent in January, according to the indices published on April 28.
Prices decreased annually in more than half of the major metropolitan areas, with Denver posting the biggest decline (2.2 percent), replacing Tampa, Florida, as the weakest market in the index. Tampa saw a 2.1 percent decline, narrowing for a fourth consecutive month.
Prices in Seattle, Los Angeles, and Washington decreased 2 percent, 0.8 percent, and 0.1 percent, respectively, joining price declines in Sun Belt cities….