Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

November home prices fell year-over-year in 16 out of 20 markets covered in the Standard & Poor's/Case-Shiller Home Price Indices, according to a report published Tuesday. Prices dropped 5.3 percent in the 20-city composite and 4.5 percent in the 10-city composite, a smaller decline year-over-year than in October when the former registered a 7.3 percent decline and the latter a 6.4 percent decline. Both composites registered a 0.2 percent drop month-to-month. November was the third consecutive month of single-digit declines in home prices after 20 consecutive months of double-digit declines, the report said. "On balance, while these data do show that home prices are far more stable than they were a year ago, there is no clear sign of a sustained, broad-based recovery,&q...