Home Prices At Lowest Level In 11 Major Cities

From Associated Press, "Home prices hit post-bust lows in most big cities: Home prices fall to lowest level since housing bust in most major US cities" by Derek Kravitz, AP Real Estate Writer:

The Standard & Poor's/Case-Shiller [residential real estate] index fell in December from November in all but one of the 20 cities it tracks. The 20-city index declined 1 percent.

The only market to see a gain was Washington.

Eleven of the markets hit their lowest point since the housing bust, in 2006 and 2007: Atlanta, Charlotte, N.C., Chicago, Detroit, Las Vegas, Miami, New York, Phoenix, Portland, Ore., Seattle and Tampa, Fla.

Read the complete article here.