NEW YORK - U.S. single-family home prices were virtually unchanged in January, according to the S&P/Case Shiller composite index of 20 metropolitan areas.
On a non-seasonally adjusted basis, prices slid 0.8%. Year-over-year sales fell 3.8% from January 2011, in line with expectations.
Housing prices rose in half of the 20 metropolitan areas in January, with six cities hitting cyclical lows. Year-over-year, prices dropped in 17 of the 20 regions.