The January numbers for the Case-Shiller Home Price Index, which tracks home sales in 20 major metro markets (but not new development or co-op and condo sales), continue to trend downward. The index dropped 0.3 percent for New York since December, and 5.3 percent year-over year. Now, the WSJ's dose of perspective: the New York market is still 70 percent above where it was in January 2000. [WSJ; previously]
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