Data through March 2012, released today by S&P Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that all three headline composites ended the first quarter of 2012 at new post-crisis lows.
The chart above shows the index levels for the U.S. National Home Price Index, as well as its annual returns. As of the first quarter of 2012, average home prices across the United States are back at their mid-2002 levels. With this report, the National Index level hit a new low, down 2.0% over the first quarter of 2012 and 1.9% below the first quarter of 2011. Read the full article Source of Title
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