MW: Home prices down 0.7 in Sept: S&P/Case-Shiller
By Greg Robb
WASHINGTON (MarketWatch) -- The prices of single-family homes in 20 major cities fell a non-seasonally adjusted 0.7% in September, according to the S&P/Case-Shiller home price index released Tuesday by Standard & Poor's. Prices have moved up 0.6% in the past year, down from 1.7% in August. This is the fourth consecutive month where annual growth rates moderated from the prior month's pace, confirming a "clear deceleration in home price returns," S&P said. Home prices decreased in 18 of the 20 metropolitan areas tracked by Case-Shiller in September compared with August.
