Here is the report just in from S&P/ Case- Shiller Home Price Indices and it demonstrates the continued weakness back in the US market.

2012 Home Prices Off to a Rocky Start According to the S&P/Case-Shiller Home Price Indices

New York, March 27, 2012 – Data through January 2012, released today by S&P Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, showed annual declines of 3.9% and 3.8% for the 10- and 20-City Composites, respectively. Both composites saw price declines of 0.8% in the month of January. Sixteen of 19 MSAs also saw home prices decrease over the month; only Miami, Phoenix and Washington DC home prices went up versus December 2011.  For the full report click here