Housing prices fall 19.1% YOY, down 32.2% from 2006 peak nationwide

The Standard & Poor's/Case-Shiller National Home Price index reported home prices tumbled by 19.1 percent in the first quarter, the most in its 21-year history.

Home prices have fallen 32.2 percent since peaking in the second quarter of 2006 and are at levels not seen since the end of 2002.

The 20-city index fell by 18.7 percent in March from the year before and the 10-city index lost 18.6 percent. Those declines were a bit better than February's and marked the second straight month the indexes didn't post record drops...

All 20 cities showed monthly and annual price declines, with nine setting annual records. Fifteen cities posted double-digit drops and three cities -- Phoenix, Las Vegas and San Francisco -- all recorded declines of more than 30 percent.

Keep in mind, the 30% decline in SF is city-wide. The biggest drops have been in District 11 (Excelsior, Bayview/Hunters Point), while desirable neighborhoods have dropped 15-20%, to 2005 prices.

And following what Barbara Corcoran said last week,

Charlotte, North Carolina, and Denver home prices had the best performance in March over February, both edging up less than 1 percent. Home prices in Dallas were flat in March.

SOURCE: S&P via Yahoo Finance