Homes Prices Drop 2% to Post-Crisis Lows: Case-Shiller

Home prices fell in the first quarter to new post-crisis lows, but prices were up in March from February for the first time in seven months.

The increase is the latest evidence of a slow recovery taking shape in the troubled housing market.

The Standard & Poor's/Case-Shiller home price index showed that prices increased in 12 of the 20 cities it tracks.

Still, the major indexes ended the first quarter at new post-crisis lows, the report said. For the first quarter, prices were down 2 percent, compared to a 3.9 percent decline in the last three months of 2011.

Homes Prices Drop 2% to Post-Crisis Lows: Case-Shiller - US Business News - CNBC