NEW YORK — Home prices dropped slightly in November for the first time since November 2012, as the latest Standard & Poor’s Case-Shiller index declined 0.1%. The dip, which is normal for November, does not represent a reversal of the housing recovery, the company said. Nine of the 20 cities in the index saw prices increase, USA Today reports, with the biggest hikes in Miami.
U.S. home prices down in November
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