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Home Prices in U.S. Cities Fall at Slowest Pace Since ’10

Residential real estate prices fell in April at the slowest pace in more than a year, adding to signs the U.S. housing market was firming.

The S&P/Case-Shiller index of property values in 20 cities dropped 1.9 percent in April from the same month in 2011, the smallest decline since November 2010, after decreasing 2.6 percent in the year ended March, the group said today in New York. The median forecast of 28 economists in a Bloomberg News survey projected a 2.5 percent drop.