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January S&P/Case-Shiller 20-city home price index down 10.7 pct year-over-year

From news_archive.php?id=77336

(updates with OFHEO release, analyst comments) WASHINGTON (Thomson Financial) - The collapse of US home prices was spread across the whole country according to the S&P/Case-Shiller Home Price Indexes released today, while the price index compiled by federal housing regulators showed a much less dramatic decline. The January S&P/Case-Shiller 20-city price index was down 10.7 pct from the year before, in line with expectations of a 10.5 pct decline. The January-to-December decline was 2.4 pct. The 10-city composite index, which contains more of the large 'bubble markets', was down a record 11.4 pct ... (full story)

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