Case-Shiller Tuesday: Chicago home values drop 7 percent year-over-year

The Standard & Poor’s Web site simply won’t load for me today, so all I can tell you about the December ’09 Case-Shiller Home Price Indices is what I’ve read in the Sun-Times. Home prices in Chicago dropped 1.6 percent from November to December, and 7.2 percent from December ’08 to December ’09.

The month-to-month decline represented the biggest drop in value among all 20 metropolitan areas covered in the indices. Nationwide, prices dropped just 0.2 percent from November to December.

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