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Home prices slump nationwide in November

Home prices on the S&P Case Shiller home price indices declined from October ,with prices falling 0.26% while the Composite-20 index declined 0.22% over the same period. 

Rogelio V. Solis/AP/File
A realty sign is posted in front of a home for sale in Jackson, Miss., Thursday, Jan. 8, 2015. Home prices in the US slowed in November, according to the S&P/Case-Shiller index of home prices released Tuesday, Jan. 27, 2015.

Today's release of the S&P/Case-Shiller (CSI) home price indices for November reported that the non-seasonally adjusted Composite-10 price index declined from October with prices falling 0.26% from while the Composite-20 index declined 0.22% over the same period. 

The 10-city composite index increased 4.17% as compared to November 2013 while the 20-city composite increased 4.31% over the same period.

Both of the broad composite indices still show significant peak declines slumping -20.55% for the 10-city national index and -19.42% for the 20-city national index on a peak comparison basis. 

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