U.S. Oct home prices down for 4th straight month

WASHINGTON, Dec 28 (BestGrowthStock) – Prices of U.S. single-family
homes fell almost double the expected pace in October, the
fourth straight decline, data from a closely watched survey
showed on Tuesday, fresh evidence the housing market continues
to struggle.

The Standard & Poor’s/Case-Shiller composite index of 20
metropolitan areas declined 1.0 percent in October from
September on a seasonally adjusted basis, faster than the 0.6
percent drop expected by economists polled by Reuters.

The drop followed a seasonally adjusted decline of 1.0
percent in September.

S&P, which publishes the indexes, also said home prices in
the 20 cities index fell 0.8 percent from October 2009.

Unadjusted for seasonal impact, the 20-city index fell 1.3
percent in October after a 0.8 percent decline in September.
(Reporting by Corbett B. Daly; editing by Jeffrey Benkoe)

U.S. Oct home prices down for 4th straight month