US house price slips more than expected - News - Dukascopy Bank

Tue, 31 Jan 2012 16:21:27 GMT
Source: Bloomberg
 
© Scanpix/AP
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. 

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