NEW YORK (CNNMoney.com) — Home prices fell in the first quarter of 2010 but are still higher than they were a year ago.
According to the S&P/Case-Shiller nation-wide index, home prices fell 3.2% quarter-over-quarter but have still managed to climb 2% year-over-year.
The index continued to show weakness despite very low mortgage interest rates and tax incentives to encourage home purchases.
Two other indexes tracked by Case-Shiller registered declines for the month of March, 0.5% for its index of 20 major cities and 0.4% for the 10-city index.
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