Home Prices Fall for Fifth Straight Month
By: Newsroom Solutions
Updated: January 25, 2011
Home prices across the country fell in November for a fifth straight month, making a double-dip for the troubled housing sector almost a certainty.
The latest Standard & Poor's/Case-Shiller home prices indexes show a zero-point-five-percent drop in home prices in November from October in 20 metro areas across the U.S.
David Blitzer, chairman of S&P's index committee, had predicted a double-dip for housing in December as home prices in six cities reached their lowest levels since prices began falling in 2006.
The National Association of Realtors recently reported that in 2010 about four-point-nine-million homes were sold, making it the worst year for home sales since 1997.
The latest Standard & Poor's/Case-Shiller home prices indexes show a zero-point-five-percent drop in home prices in November from October in 20 metro areas across the U.S.
David Blitzer, chairman of S&P's index committee, had predicted a double-dip for housing in December as home prices in six cities reached their lowest levels since prices began falling in 2006.
The National Association of Realtors recently reported that in 2010 about four-point-nine-million homes were sold, making it the worst year for home sales since 1997.
