Home Prices in U.S. Cities Fell at Slower Pace in January

Home prices in 20 U.S. cities dropped at a slower pace in January, pointing to stabilization in the real estate market.  The S&P/Case-Shiller index of property values in 20 cities fell 3.8 percent from a year earlier, after decreasing 4.1 percent in December.  Prices were little changed in January from the prior month, the best performance since July.  Eight cities made new post-slump lows, including Atlanta, Chicago, Cleveland, Las Vegas, New York, Portland, Seattle and Tampa.

Bloomberg   March 27, 2012