Home Prices Fall Despite Regional Improvement: S&P/Case Shiller

NEW YORK ( TheStreet) -- Home prices fell in March versus the same time a year ago, despite improvement in some regions of the country.

Standard & Poor's Case-Shiller home-price index showed Tuesday that home prices fell in seven of 16 cities tracked as the 20-City composite in March was down 2.6% year over year.

"While there has been improvement in some regions, housing prices have not turned," David Blitzer, chairman of the index committee at S&P Indices, said in a statement. "This month's report saw all three composites and five cities hit new lows. However, with last month's report nine cities hit new lows."

The 10-City composite was down 2.8% from March 2011.

-- Written by Joe Deaux in New York.

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