Reuters

(Reuters)

Home Prices Fall Again

Features Reuters

U.S. single family home prices fell for the seventh straight month in January, fresh evidence that the housing market recession is not yet over, a closely watched survey said on Tuesday.

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The S&P/Case-Shiller composite index of 20 metropolitan areas declined 0.2 percent in January from December on a seasonally adjusted basis where a Reuters poll of economists forecast a drop of 0.4 percent. Prices in the 20 cities have fallen 3.1 percent year-over-year compared to 3.2 percent expected.