Average US city property prices now flat, according to new report

[Nicholas Wallwork]

The rate of decline in average property prices in the US has slowed with the market now flat after*gains in the spring and summer, according to the latest figures to be published.

The 10 city and 20 city Case-Shiller Home Price Indices from Standard & Poor's declined 6.4% and*7.3%, respectively, in October, bringing average property prices to levels last seen in the autumn*of 2003. It also marks nine months of improved data, beginning in the early of 2009.

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