MW: Case-Shiller home price index falls in January
By Jeffry Bartash
WASHINGTON (MarketWatch) - Home prices in the U.S. fell for the fifth month in a row in January to the lowest level since early 2003, a closely followed index showed on Tuesday. The S&P/Case-Shiller 20-city composite index fell 0.8%. The three-month rolling index includes transactions that took place from November to January. Over the past 12 months, prices have dropped 3.8%. Sixteen of the 20 metropolitan area saw price declines. Only Miami, Phoenix and Washington, DC posted increases.
