Survey: Home Prices Down In Most Major US Cities

WASHINGTON (AP) — U.S. home prices fell in most major cities for the second straight month, further evidence that the housing recovery will be bumpy.

The Standard & Poor’s/Case-Shiller index shows prices dropped in October from September in 19 of the 20 cities tracked. Prices in a majority of cities declined for the second straight month. Prior to that, they had risen for five consecutive months in at least half of the cities tracked.

Atlanta, Detroit and Minneapolis posted the biggest monthly declines. Prices in Atlanta and Las Vegas fell to their lowest points since the housing crisis began. Prices rose in Phoenix after three straight monthly declines.

The Case Shiller index covers half of all U.S. homes. It measures prices compared with those in January 2000 and creates a three-month moving average.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Pundit

    Home prices are down?

    OMG! When did this happen?

  • Mpls. Home Prices Down « CBS Minnesota

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  • Kevin

    And yet my taxes are up 40%….someone has to pay for that Spanish Imulsion school….

  • @Kevin

    Your taxes are up 40% from years ago not recently, sorry you bought your house at the peak of the fake market, no you’re over leveraged . I bought last year so needlees to say I paid a normal price. I love a 3 digit house payment in the suburbs, virtually crimeless

    • Kevin

      And you are into the hershey highway with your neighbor? Good little glitter swollower…

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