US: S&P/Case-Shiller Home Price Index record fall.

S&P/Case-Shiller Home Price Index record fall.

On a year-over-year basis, prices dropped 18.6% in December, a slightly deeper decline than the 18.2% drop in November and the biggest decline on record. The largest YOY drops could be found in Phoenix (-34%), Las Vegas (-33%), San Francisco (-31.2%), and Miami (-28.8%). Every single market showed a decline, with the most moderate drops (again) found in Denver (-4%) and Dallas (-4.3%).

www2.standardandpoors.com/spf/pdf/index/CSHomePrice_Release_022445.pdf