Home prices falling faster in July, Case-Shiller says

WASHINGTON (MarketWatch) -- Home prices in 20 major U.S. cities fell at a faster pace in July, sending home values down a record 16.3% in the past year, according to the Case-Shiller home price index released Tuesday by Standard & Poor's.


July's prices fell 0.9%, an uptick from a 0.5% drop in June, and "may be the beginning of a renewed acceleration in the depreciation of U.S. house prices," said Harm Bandholz, economist for UniCredit Markets.

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