The S&P/Case-Shiller Index of home prices found that 19 of 20 metro areas that it surveys had a second month of lower prices in November, and its 10- and 20-city composite measures showed annual returns of -3.6 percent and -3.7 percent, respectively, versus November 2010.
Those composite numbers were worse than the -3.2 percent and -3.4 percent rates reported for October, S&P said in announcing the results.
"Despite continued low interest rates and better real GDP growth in the fourth quarter, home prices
continue to fall," David M. Blitzer, chairman of the Index Committee at S&P Indices, said in a statement issued with the data.
Phoenix was cited for relatively good news in the November report, Atlanta for ongoing problems.
"The crisis low for the 10-City Composite was April 2009; for the 20-City Composite ... March 2011. The 10-City Composite is now about 1.0 percent above its low, and the 20-City Composite is only 0.6 percent above its low., Blitzer reported. "From their 2006 peaks, both Composites are down close to 33% through November."
