U.S. home prices decreased 0.6 percent in September from August and were down 3.6 percent on a year-over-year basis, according to Standard & Poor's Case-Shiller home price index of 20 leading U.S. cities, USA Today reported Tuesday November 29, 2011.
Metro Boston Area home prices declined 0.8 percent from August and 1.2 percent from September 2010.
Nationally, third-quarter home prices were at early 2003 levels, S&P reported.
Economists expect further price declines this year and perhaps next year because of the amount of delinguent home loans that might end up being foreclosed on and anemic job growth.
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