Home prices falling in most major U.S. cities

Home prices are falling in best above U.S. cities, and at atomic 10 above markets are at their everyman point back the apartment balloon burst.The Standard & Poor’s/Case-Shiller 20-city basis shows amount declines in 19 cities from January to February. The basis fell for the seventh beeline month. Prices fell at a faster amount in 11 markets in February compared with the antecedent month.High unemployment, stricter lending rules and fears that prices will abatement added are amid the affidavit why few bodies are affairs and affairs homes. A almanac cardinal of foreclosures are banishment bottomward home prices in best busline areas, and prices are accepted to accumulate falling through this year.There is affirmation that abeyant sellers are captivation their backdrop off the market, cat-and-mouse for apartment prices to stop falling,” said Bricklin Dwyer, an analyst at BNP Paribas.Detroit was the alone bazaar to appearance a account gain, although the Motor City is one of bristles cities area home prices are now beneath their January 2000 levels.