MW: U.S. home values sink at record pace in January
Home values in 20 major U.S. cities fell a record 19% in the 12 months ending in January, Standard & Poor's reported Tuesday. The Case-Shiller 20-city home price index fell a record 2.8% in January, with home values in all 20 cities falling at least 1%. Prices in the original 10-city index fell a record 19.4% over the past year after falling 2.5% in January. Prices are down 29% from the peak in mid-2006, according to Case-Shiller.
