Dive Brief:
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Housing prices are dropping, the Case-Shiller house price index reported this week.
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The housing data provider had previously reported that the growth in home prices had slowed. This is the first time it reported a decline.
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Because Case-Shiller has changed its schedule for reporting housing prices from quarterly to monthly, some analysts say the new outlook is more accurate.
Dive Insight:
A fall of 0.4% in housing prices over April, May, and June is a departure from the constant gains over the past two years.