S&P/Case-Shiller Home Price Index Fell 13.3% In July

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While home prices continue to show a notable decline compared to a year ago, Standard and Poor's released a report Tuesday morning showing that the pace of decline in home prices slowed for the sixth consecutive month in July.

The report showed that the S&P/Case-Shiller 20-City Composite Home Price Index fell at an annual rate of 13.3 percent in July compared to the 15.4 percent drop reported for June. Economists had expected the index to be down 14.2 percent year-over-year.

While home prices continue to show a notable decline compared to a year ago, Standard and Poor's released a report Tuesday morning showing that the pace of decline in home prices slowed for the sixth consecutive month in July. (Market News Provided by RTTNews)