SEATTLE (AP) - For the first time since 1991, a key index shows the Seattle-area housing market has registered a year-to-year decline in prices.
According to the Standard & Poor’s S&P/Case-Shiller Home Price Indices, the price of a typical house in King and Snohomish counties was down 1.3% in January compared with a year ago.
From December to January, the decline was even larger - 1.8%, the biggest monthly drop since the Seattle index was developed at the start of 1990.
The annual decline is the …
