Home Prices Drop 18.2 Percent

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The Standard & Poor's/Case-Shiller U.S. National Home Price Index fell 18.2% in the fourth quarter of 2008 from the fourth quarter of 2007, which represents the largest drop in the Index's 21-year history. Home prices are now at levels last seen during the third quarter of 2003.

The peak of the Index was the summer of 2006, and the 20-city index is now 27% below those levels.

Below are home price changes as tracked by the Standard & Poor's/Case-Shiller U.S. National Home Price Index:

	Dec. 2008	Change from Nov.	Change from Dec. 07
Atlanta	113.87	-2.30%	-12.10%
Boston	153.05	-1.30%	-7.00%
Charlotte	122.41	-2.50%	-7.20%
Chicago	137.16	-3.00%	-14.30%
Cleveland	105.21	-2.10%	-6.10%
Dallas	115.63	-2.30%	-4.30%
Denver	125.74	-1.50%	-4.00%
Detroit	80.93	-3.00%	-21.70%
Las Vegas	131.4	-4.80%	-33.00%
L.A.	171.46	-2.50%	-26.40%
Miami	165.01	-2.70%	-28.80%
Minneapolis	127	-4.60%	-18.40%
New York	183.5	-1.70%	-9.20%
Phoenix	123.93	-5.10%	-34.00%
Portland	158.5	-2.50%	-13.10%
San Diego	152.16	-2.10%	-24.80%
S.Fran	130.12	-3.80%	-31.20%
Seattle	160.19	-3.60%	-13.40%
Tampa	156.04	-3.00%	-22.00%
Washington	176.34	-2.20%	-19.20%
10 cities	162.17	-2.30%	-19.20%
20 cities	150.66	-2.50%	-18.50%
Note: index=100 in 2000 Source: S&P, Fiserv, USAToday Follow me on Twitter @ http://twitter.com/FSBO_Guy