Metro DC home prices fall in latest report
The S&P Case Shiller index showed that metro DC house prices fell almost 3 percent in February and 13 percent from the levels of February 2007. That was about in line with the national average and not as bad as Miami and Las Vegas, where prices were down more than 20 percent year over year. But it's decent decline, and one that's necessary for the housing problem to get fixed. Looks like home sellers are getting more realistic about what their properties are worth.
