U.S. Sept home prices fall faster than expected

WASHINGTON, Nov 30 (BestGrowthStock) – Prices of single-family
homes in September fell more than twice as fast as expected
from the prior month, while prices compared to a year earlier
rose more slowly than forecast, according a widely watched
index of U.S. home prices released on Tuesday.

The Standard & Poor’s/Case-Shiller composite index of 20
metropolitan areas declined 0.8 percent in September from
August on a seasonally adjusted basis.

Economists polled by Reuters had expected a decline of 0.3
percent.

S&P, which publishes the indexes, also said home prices in
the 20 cities index rose 0.6 percent from September 2009,
slower than the 1.1 percent expected.

(Reporting by Corbett B. Daly; Editing by Chizu Nomiyama)

U.S. Sept home prices fall faster than expected