S & P Case-Shiller Index
While these statistics are from November, it illustrates home price declines, albeit small declines in 17 of 20 cities studied for the month. The study also shows a continued erosion of home price gains rising 1.7 percent in November compared to 15.7 percent the previous year.
One thing the house price trends make clear, however, is that prices are driven by local economies as much as national trends.
Please read the complete story by Matt Hougan in Seeking Alpha.