Economics
Home Prices in 20 U.S. Cities Probably Dropped at Slower Rate
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Home prices in 20 U.S. cities probably fell at a slower pace and consumer confidence climbed, signs of resilience in the economy heading into 2012, economists said before reports today.
The S&P/Case-Shiller index of property values dropped 3.2 percent in October from the same month in 2010, the smallest year-over-year decrease since January, according to the median forecast of 20 economists surveyed by Bloomberg News. The Conference Board’s confidence gauge rose to a five-month high of 58.6 in December from 56 the previous month, separate figures may show.