U.S. home prices drop 1.3% from September to October.url

Home prices fell in the nation’s major metropolitan areas from September to October, with six regions hitting new lows, according to a new index released Tuesday.

The Standard & Poor’s/Case-Shiller index, long considered a reliable gauge of the housing market’s health, reported that prices of single-family homes dropped 1.3 percent in all 20 regions it tracks.



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