While winter is usually the off-season for home sales, this is the fifth month in a row where prices slid. With values at levels not seen since 2003, the strength of the housing market recovery isn’t looking as hot as it did before winter. Of the 20 cities used in determining home prices, 17 lost value while Miami, Phoenix, and Washington were the only locations to see an appreciation in value. Historically, the early spring weather should help fuel an early buying season but the housing slump seems immune to any medicine, including repressed interest rates.
Case-Shiller Shows Home Prices Slid for Fifth Month – Stocks To Watch Today – Barrons.com.