Home prices fall in November

Filed under: AM Roundup |

The average price of U.S. single family homes dropped in November, the New York Times reports.

The Standard & Poor’s/Case Schiller study found that prices fell more than expected, by about .7 percent. Analysts had expected a drop of .5 percent.

The trend doesn’t show any sign of reversing, according to analysts.

Read more at the New York Times.