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November 30, 2011

Home prices continue to fall

“The nation’s home prices fell slightly in September, according to data released Tuesday, another reminder that the housing market continues to tread water more than five years after it began to melt down.”

The Standard & Poor’s Case-Shiller home-price index, which covers 20 major metropolitan regions, found that prices decreased 0.6 percent in September from the prior month after posting small gains over the summer and spring, and 3.6 percent from the same month a year ago. All but two of the cities saw an annual decline.”

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