In some senses, this is hardly a news story anymore; another month, another fall in house prices.

The monthly S&P/Case-Shiller Home Price data was released yesterday, and once again, the results weren't pretty.

17 out of 20 cities declined year over year, and all 20 cities declined month over month. Miami saw the biggest year over year declines at -17.5%. Miami was followed by Las Vegas (-15.34%), Phoenix (-15.27%), San Diego (-14.96%) and Los Angeles (-13.7%). New York fell just 5.6% over the last year, and Boston fared even better at -3.36%. Seattle, Portland and Charlotte were the 3 cities that still managed to show year over year growth from 12/06 to 12/07. The composite index of all 20 cities was down 9.08% year over year. On a month over month basis, the West Coast cities once again saw the biggest declines, while Chicago, New York, Portland and Charlotte held up the best