June S&P/Case-Shller figures: -15.4% YOY

The latest figures from S&P/Case-Shiller show home prices continuing to fall, but at a steadily declining rate. The year-over-year change in home prices in 20 top metropolitan areas was -15.4% in June, down from -17% a month earlier and better than the forecast of -16.4%. Prices are still falling in all 20 metropolitan areas, with declines ranging from 2.2% in Dallas to as much as 32.4% in Las Vegas. On a monthly basis, however, prices rose 1.39%. That was the second increase in a row (May's gain was 0.5%).