NEW YORK — Home prices are falling in most major U.S. cities, and the average prices in four of them are at their lowest point in 11 years.
The Standard & Poor's/Case-Shiller 20-city index shows price declines in 19 cities from December to January. Eleven of them are at their lowest level since the housing bust.
Home values in Atlanta, Las Vegas, Detroit and Cleveland are now below January 2000 levels.
The only market where prices rose was Washington, where homes prices gained 0.1 percent month over month. The nation's capital has outperformed every other city in the index. Prices there are up 3.6 percent year over year.
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