Home prices continued their freefall in April, with some areas reporting declines of nearly 27% year-over-year.
The composite index of 10 metropolitan areas was down 16.3% in April from the same period a year ago, and the 20-city composite index also posted a record drop of 15.3% from 2007.
The largest losses in metropolitan areas on the year were in Las Vegas, which fell 26.8% and Miami, which tumbled 26.7%.
The only two metro areas reporting growth for the month of April were Charlotte, N.C., where prices grew 0.2%, and Dallas, which saw 1.1% growth in the same period.
Despite these upticks, both markets still posted losses over the same period a year ago.
The Standard & Poors Case-Shiller family of indices which tracks the price of single family homes in 20 different metropolitan areas across the country and aggregates the information into two indices indicated record drops in 18 of the 20 metropolitan areas surveyed.
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