With Boston leading the way, the quarterly S&P/Case-Shiller U.S. National Home Price Index fell 0.9 percent from the first quarter to 183.89, and by 3.2 percent from the second quarter of 2006.
According to the index, Boston was the first metro area to report negative year-over-year returns, beginning in April 2006. During the second quarter, Boston showed improvement in its annual rate of decline, the index said.
According to S&P/Case-Shiller, 17 of 20 metro areas included in the index have shown declines in their annual growth rates since May.
