The annual rate of decline of home prices in the U.S. has improve, according to the S&P/Case-Shiller Home Price Indices.
"Broadly speaking, the rate of annual decline in home price values continues to improve," says David M. Blitzer, chairman of the Index Committee at Standard & Poor’s.
In the 10 top markets, prices fell 10.6% in August from a year ago. Nineteen of the 20 metro areas and both composites showed an improvement in the annual rates of decline with August's readings compared with July, the report said. In addition, prices in Las Vegas, Seattle and Charlotte, N.C., fell to their lowest levels in August.
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