Home Prices Continue To Fall in March

New York, NY, May 31, 2011 -- Home prices have reached their lowest point since 2006, due to foreclosures and a big inventory of unsold homes.

Prices fell from February to March in 18 of the metro areas tracked by the Standard & Poor's/Case-Shiller 20-city index.

Home prices fell a non-seasonally adjusted 0.8% in March. Prices have moved down 3.6% in the past year.

The nationwide index declined for the eighth straight month.