Integrated Asset Services has released its most-recent house price index:
Based on the timeliest and most granular data available in the industry, the index showed house prices falling another 3.0% in February.
U.S. house prices have now fallen 14.4% on a year-over-year basis and 17.9 % since the height of the real estate bubble in 2006. Just since the economic collapse began in September 2008, the IAS360 has shown a drop of 10.9%.
“We have seen no indication of a positive turn in the housing markets we track, if anything the rate of decline in some areas has increased,” said Dave McCarthy, President and CEO of Integrated Asset Services.