The latest S&P/Case-Shiller Home Price Indices show that the U.S. National Home Price Index declined by 4.2 percent in the first quarter compared with the fourth quarter. Nationally, home prices are back to their mid-2002 levels.
The S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, recorded a 5.1 percent decline in the first quarter of 2011 compared with the first quarter of 2010. In March, the 10- and 20-City Composites posted annual rates of decline of 2.9 percent and 3.6 percent, respectively.
Source: S&P/Case-Shiller
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