Residential real estate prices dropped in January by the most in more than a year, raising the risk that U.S. home sales will keep slowing.
The S&P/Case-Shiller index of property values in 20 cities fell 3.1 percent from January 2010, the biggest year-over-year decrease since December 2009, the group said today in New York.
Denver’s property values dropped 2.28 percent from January 2010.
