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Tuesday, November 29, 2011

US Home Prices Decline, Highlighting Fragility Of Market

U.S. single-family home prices declined in September, highlighting the fragility of a market that is struggling to get back on its feet, a closely watched survey showed Tuesday.

The S&P/Case Shiller composite index of 20 metropolitan areas fell 0.6 percent from August on a seasonally adjusted basis. A Reuters poll of economists had forecast no change.

Prices in August were also revised to show a decline of 0.3 percent after originally being reported as unchanged.

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