March 29, 2011

Data released by the S&P/Case-Shiller Home Price Indices showed further declines in U.S. home prices in January 2011. Of the 20 MSAs covered by the indices, 13 showed further deceleration in their annual growth rate. The same 11 cities that had posted recent index level lows in December 2010, posted new lows in January.

The 10-City Composite dropped 2.0%, and the 20-City Composite fell 3.1% from their January 2010 levels.