Home Prices in U.S. Cities Probably Fell in July From Year Ago

Home prices in the U.S. probably declined in July from a year earlier, depressed by an imbalance between supply and demand that shows little sign of easing, economists said before a report today.

The S&P/Case-Shiller index of property values in 20 cities fell 4.4 percent from July 2010, the 10th consecutive year-to-year drop, according to the median forecast of 27 economists surveyed by Bloomberg News. Another report may show consumer confidence held in September near a two-year low.