Home prices were falling faster in Seattle than any other major U.S. metro in early spring, as the Pacific Northwest city displaced Denver as the nation’s weakest housing market.
More than half of large metros posted year-over-year price declines in March. Seattle led the downturn with a 2.5% annual price drop, according to the latest data from the S&P Cotality Case-Shiller Index released Tuesday.
Denver, the previous month’s weakest market, was second with a 2% decline, followed by Tampa, FL (-1.9%), Dallas, TX (-1.7%), and Phoenix, AZ (-1.6%). Los Angeles (-1.6%) and Washington, DC, (-0.1%) also turned negative in March…