U.S. Home Prices Still Falling, But at a Slower Rate

After a three-year slump, there are some signs of improvement in the U.S. residential housing market, with home prices falling 3.8% in the third quarter, the smallest quarterly drop since the beginning of 2008, according to a report from the Federal Housing Finance Agency, which also found that home prices were nearly unchanged between August and September. "Any recovery in housing won't be on firm ground until the job market comes back," said Patrick Newport, an economist with IHS Global Insight.
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