Tue, 31 Jan 2012 16:21:27 GMT
US house price slips more than expected
US housing prices declined more than predicted in November, signalling slower recovery in nation's property market. S&P/Case-Shiller index fell 3.7% in November compared to previous year. Economists questioned by Bloomberg previously predicted a drop around 3.3%. Analysts suggest that relatively high number of foreclosures may keep further pressure on property prices.