NEW YORK CITY-The Standard & Poor's/Case-Shiller index that monitors 20 metropolitan markets showed a drop in home prices by 4% in 2011. When compared to the three-month period ending in November, home prices for the quarter ending in December decreased by 1.1%. During Q4 2011, home prices increased only in Miami and Phoenix. The only city posted a year-over-year increase was Detroit.
Home prices may be stabilized in 2012 thanks to a decrease in the number of listed homes for sale. For the full story, go to Wall Street Journal .
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