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Home prices fell in January from December in 16 of the 19 cities tracked by the Standard & Poor’s/Case-Shiller index released Tuesday. The declines partly reflect typical offseason sales. The month-over-month data are not adjusted for seasonal factors. (Price information for Charlotte was delayed and therefore not included in the report.)
Yet prices fell in 17 of 20 cities in January compared to the same month in 2011. The group’s nationwide index of prices has fallen 34 percent since the housing bust and is now at 2002 levels.
Here’s a look at home prices in the 20 major U.S. compared to one month and one year ago:
Change from December 2011 to January 2012 Change from January 2011 to January 2012
Atlanta -2.1 -14.8
Boston -0.4 -2.8
Charlotte, N.C. — —
Chicago -1.9 -6.6
Cleveland -2 -3.3
Dallas -0.4 -1.2
Denver -0.6 0.2
Detroit -1.1 1.7
Las Vegas -0.5 -9
Los Angeles -0.8 -5.4
Miami 0.6 -1.9
Minneapolis -0.8 -1.8
New York -0.8 -2.9
Phoenix 0.9 1.3
Portland, Ore. -2.1 -4.3
San Diego -1.1 -5.3
San Francisco -2.5 -5.9
Seattle -0.7 -4
Tampa, Fla. -0.8 -3.8
Washington 0.7 -0.6
Numbers are in percentages.
Source: Standard & Poor’s/Case-Shiller home-price index

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