Bloomberg: Home Prices in U.S. Showed Signs of Stabilizing

Home Prices in U.S. Showed Signs of Stabilizing

Residential real estate prices in the U.S. decreased in the year ended in June at a slower pace than in the prior month, a sign the market may be stabilizing.

The S&P/Case-Shiller index of property values in 20 cities fell 4.5 percent from June 2010, after a 4.6 percent drop in the 12 months ended May that was the biggest since 2009, the group said today inNew York. The median forecast of 31 economists surveyed by Bloomberg News projected a 4.6 percent decline. Read the full article>