facebook
twitter
search
search

Home prices continue to fall

Jan. 31, 2012 at 12:03 PM
| License Photo

NEW YORK, Jan. 31 (UPI) -- U.S. home prices declined in both 10-city and 20-city composite indexes in November, the closely watched S&P/Case-Shiller home index report said.

Considered a base line economic indicator showing consumers are confident enough to invest in a home, prices are will well off the April 2006 peak, the report shows.

In November, the 10-city index dropped from 151.98 in October to 150.89, a low unseen since July 2003. The 20-city index dropped from 138.49 to 137.52, a low unseen since March 2003, the report said.

In contrast, the 10-city index stood at 226.91 in April 2006. The 20-city index in that month was at 206.65.

For November, the price index was up slightly in Minneapolis, Denver and Phoenix. It was down in Los Angeles; San Diego; San Fransisco; Washington; Miami; Tampa, Fla.; Atlanta; Chicago; Boston; Detroit; Charlotte, N.C.; Las Vegas; New York; Cleveland; Portland, Ore.; Dallas and Seattle.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Volvo unveils new child seat concept
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules