U.S. home prices in December fell to their lowest level since the housing crisis began. The S&P/Case-Shiller 20-city composite fell 1.1% in December, to wrap up 2011 with a 4% downturn. The index hasn’t been this low since February 2003 and has dropped 33.8% from its peak. In December, every city measured but Phoenix and Miami saw price declines. Atlanta, Las Vegas, Seattle and Tampa all recorded new lows.
MarketWatch February 28, 2012
