Home prices fell in the nation’s major metropolitan areas from September to October, with six regions hitting new lows, and they’re not expected to rebound anytime soon.
The Standard & Poor’s/Case-Shiller index, long considered a reliable gauge of the housing market’s health, reported Tuesday that prices of single-family homes dropped 1.3 percent in all 20 regions it tracks.
Full Story: U.S. home prices drop 1.3% from September to October