California home-price drops bigger than U.S. declines

”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of artful interpretation and data.

Buzz: California home prices are falling faster off their peaks than elsewhere in the nation.

Source: My trusty spreadsheet looked at the widely discussed Case-Shiller home price indexes for December, released Tuesday, Feb. 28. We focused on the 20-city composite index that includes three California markets. Note: This index is a slow-moving benchmark that essentially is a three-month average of price changes.

Topline

Here’s how three California metro areas in the Case-Shiller 20-city national index fared again the national benchmark …

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