Nearly All Home Price Indices Dropped in January

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The 10-city index fell 1.24 points, or .8%, in January 2012 while the 20-city dropped 1.15 points or .8%. The only cities with an increase were Phoenix which is up .93 points (.9%), Washington which is up 1.24 points (.7%), and Miami which is up .89 points (.7%). The biggest declines were San Francisco falling 3.25 points (2.5%),  Portland dropping 2.80 points (2.1%), and Chicago slipping 2.08 points (1.9%).

For more information, see our Home Price Index Report.

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