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Today's (April 29) S&P/Case-Shiller Home Price Indices, which measure the direction of home prices in 20 major U.S. markets, once again show San Diego price declines among the sharpest in the nation. In February, San Diego home prices dropped 3.6 percent. Only four cities, Las Vegas (4.8 percent), Los Angeles (4.3), Phoenix (4.1) and San Francisco (5.0) dropped more. Over the last year, San Diego home prices have plunged 19.2 percent. Four cities have dropped more: Las Vegas (minus 22.8 percent), Los Angeles (19.4), Miami (21.7) and Phoenix (20.8). The composite decline for the 20 markets has been 12.7 percent over the last year.
Today's (April 29) S&P/Case-Shiller Home Price Indices, which measure the direction of home prices in 20 major U.S. markets, once again show San Diego price declines among the sharpest in the nation. In February, San Diego home prices dropped 3.6 percent. Only four cities, Las Vegas (4.8 percent), Los Angeles (4.3), Phoenix (4.1) and San Francisco (5.0) dropped more. Over the last year, San Diego home prices have plunged 19.2 percent. Four cities have dropped more: Las Vegas (minus 22.8 percent), Los Angeles (19.4), Miami (21.7) and Phoenix (20.8). The composite decline for the 20 markets has been 12.7 percent over the last year.