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The latest S&P Case-Shiller Home Prices Indices is out, showing Boston home prices down in January by 0.4 percent and down 2.8 percent over the past year. That’s generally better than the rest of the nation — and certainly better than the numbers for Atlanta (down 2.1 percent for the month and 14.8 percent over the year).

But here’s a curious thing: The San Francisco market is way off, compared to Boston, with prices off 2.5 percent last month and 5.9 percent over the year. OK, California as a whole is suffering, and we’re talking big metro markets here, not just cities. There were a lot of dumb real estate moves throughout the Golden State last decadee. But you’d think the San Fran area would be doing better. Anyone have an explanation? … Chart Via BI.

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