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Home prices fall
Source: Agencies |
January 26, 2011, Wednesday
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HOME prices are falling across most of America's largest cities, and average prices in eight major markets have hit their lowest point since the housing bust.
The Standard & Poor's/Case-Shiller 20-city home price index released yesterday fell 1.6 percent in November from October.
All but one city, San Diego, saw monthly price declines.
Millions of foreclosures are forcing prices down, and many people are holding off buying because they fear the market hasn't hit bottom yet. Analysts see home prices to fall through the first six months of this year.
The Standard & Poor's/Case-Shiller 20-city home price index released yesterday fell 1.6 percent in November from October.
All but one city, San Diego, saw monthly price declines.
Millions of foreclosures are forcing prices down, and many people are holding off buying because they fear the market hasn't hit bottom yet. Analysts see home prices to fall through the first six months of this year.
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