Home prices fell for the second consecutive month in December in another sign of a sagging real estate market, according to a closely-watched barometer.
December prices dropped 0.1% from November based on the Standard & Poor's/Case-Shiller 20-city index.
Year over year, the index was up 13.6%, but that was less than November's annual gain.
Home prices showed monthly gains in only six cities in the 20-city index — Dallas, Las Vegas, Miami, San Francisco, Tampa and Washington, D.C.
"The S&P/Case-Shiller Home Price Index ended its best year since 2005," says David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices. "However, gains are slowing from month-to-month and the strongest part of the recovery in home values may be over."
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