Home Prices Drop 2.4% in December

U.S. house prices continued to slide in December. The S&P/Case-Shiller index of home values in 20 cities fell 2.4%, the biggest y/y decrease since December 2009, the group said today in New York. During the fourth quarter, home prices declined 3.9% from the previous quarter and were down 4.1% on a y/y-basis. This is another indication that recovery in the housing sectors continues to lag the economy as a whole.

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