US Home Prices Drop For 3rd Straight Month

US Home Prices Drop For 3rd Straight Month Home prices in America's top 20 cities were expected to fall MoM for the 3rd straight month in April (the latest reported data from S&P Cotality Case-Shiller) and they did... but only marginally. Prices fell 0.04% MoM in April (less than the 0.10% decline expected), but the annual change rose modestly from +0.88% YoY to +1.14% YoY... Source: Bloomberg "Monthly price movements show seasonal strength masking underlying softness," said ...

By Tyler Durden