Home Prices Drop for 6th Straight Month

Published February 22, 2011

| Reuters

U.S. single-family home prices fell for the sixth month in a row in December, in line with expectations, a closely watched survey said Tuesday.

The S&P/Case Shiller composite index of 20 metropolitan areas declined 0.4% in December from November on a seasonally adjusted basis. The figure was in line with analysts' expectations.

During the fourth quarter, home prices declined 3.9% from the previous quarter and were down 4.1% compared to the fourth quarter 2009.

 

URL

http://www.foxbusiness.com/industries/2011/02/22/case-shiller-home-prices-cost-home-median-home-price/