Daily Economic Indicator: Home prices decline for a second consecutive month

09/23/2010 | CNBC · Bloomberg

The Federal Housing Finance Agency said the price of single-family homes in the U.S. declined in July. The agency's house-price index dropped 1.2% in June and 0.5% in July. Foreclosures are causing an increase in the supply of available homes, putting pressure on prices despite record-low mortgage rates.

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CNBC · Bloomberg

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