U.S. home prices at lowest level since 2006

U.S. home prices fell 1.1% in December to bring the year-over-year
fall to 4%, according to the Case-Shiller home price index released
Tuesday.

The 20-city composite is at its lowest level since the housing crisis
began in mid-2006. Prices in hard-hit Detroit declined 3.8% in
December, and only Phoenix and Miami saw price gains.