Summary Box: US Home Prices Down In Most Cities


Salon Staff
December 28, 2011 2:18AM (UTC)

PRICES DOWN: U.S. home prices fell in most major cities for the second straight month in October, further evidence that the housing recovery will be bumpy. The Standard & Poor's/Case-Shiller index showed home prices dropped in 19 of the 20 cities tracked.

SEASONAL SLOWDOWN: The latest decline reflects the typical fall slowdown after the peak buying season. Home prices had risen in April through August in at least half of the cities tracked.

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YEARS OF LOSSES: Home prices have fallen roughly 32 percent nationwide since the housing bubble burst five years ago and are back to 2003 levels, according to the index.

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Salon Staff

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