Home prices dip in slowdown


Published Dec 27, 2012 at 04:00AM / Updated Nov 19, 2013 at 12:31AM

Home prices in the nation’s 20 biggest cities dipped 0.1 percent in October from the prior month but rose strongly from the same month last year, according to a closely watched index, indicating the start of the seasonal slowdown in home prices.

It was the first month-over-month dip after six months of gains for the Standard & Poor’s/Case-Shiller index of 20 large cities. The index was up 4.3 percent compared with October 2011.