Case-Shiller: U.S. home prices down 19%

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The Case-Shiller home price index, which compares sales of individual homes to their previous sale price and accounts for changes like remodeling, dropped 19% in the first quarter from the same period a year ago.

Los Angeles-area home prices for March were down 22% from a year ago and are now down 41% from the 2006 peak.

--Peter Y. Hong