Economics
Home Prices Drop for Third Straight Month as US Market Cools
- Prices may continue to weaken further, Craig Lazzara says
- Housing has become more unaffordable as borrowing costs rise
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The US housing market pulled back even more in September, with prices slipping 1.2% from a month earlier.
It was the third straight decline for the seasonally adjusted measure of prices in 20 large US cities, according to the S&P CoreLogic Case-Shiller index.