Case/Shiller Home Prices Report

From the Desk of Lou Brien:

Case/Shiller reports that home prices in January were down 0.7% from year ago levels; the smallest annualized decline in two years. On a monthly, seasonally adjusted basis, prices were +0.3%

Of the twenty cities surveyed San Francisco led the way with a year on year gain of 9%. Las Vegas brought up the rear, prices there were down 17% from a year ago. Eleven of the group of cities showed a decline in prices from last year, nine were up.