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Home prices down 1.0% in Nov.: S&P/Case-Shiller

Home prices down 1.0% in Nov.: S&P/Case-Shiller (by Greg Robb)

WASHINGTON (MarketWatch) -- The prices of single-family homes in 20 major cities fell a non-seasonally adjusted 1.0% in November, according to the S&P/Case-Shiller home price index released Tuesday by Standard & Poor's. This is the fourth straight monthly decline. Prices have moved down 1.6% in the past year. This is the second consecutive month where annual growth rates decelerated. Home prices declined in 19 of the 20 metropolitan areas tracked by Case-Shiller in November compared with October.