S&P/Case-Shiller 20-City Home Price Index Fell 15.4% In June

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While home prices continued to show a negative annual rate of return in the month of June, Standard and Poor's released a report on Tuesday showing that the pace of decline slowed by more than economists had been expecting.

The report showed that the S&P/Case-Shiller 20-City Composite Home Price Index fell at an annual rate of 15.4 percent in June compared to a revised 17 percent drop in May. Economists had expected prices to fall 16.4 percent compared to the same month a year ago.

While home prices continued to show a negative annual rate of return in the month of June, Standard and Poor's released a report on Tuesday showing that the pace of decline slowed by more than economists had been expecting. (Market News Provided by RTTNews)