| Home Prices Down About 20% in Metro Areas |
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The S&P Case-Shiller U.S. home amount index fell added than accepted in January, with prices down about 20% from a year ago. The 20-city blended basis acquaint a abatement of 18.97% to a account of 146.40. Economists had anticipation an 18.60% drop. The three-month annualized amount of abatement was 26.46% in January, compared to the -24.73% amount in December and the 22.41% abatement in November. The U.S. Composite-10 Basis fell 2.52% in the month. Phoenix led the way in January with a 5.50% month-over-month decline, followed by Minneapolis, which recorded a 4.75% decline. Sharp declines were aswell apparent in Chicago, San Francisco and Las Vegas. The aboriginal account abatement was apparent in Charlotte, with prices down 1.22% month-over-month. In abutting additional was New York, which saw prices down 1.25%. By Megan Ainscow and edited by Stephen Huebl ©CEP News Ltd. 2009 |
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