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Home Prices in 20 U.S. Cities Decline 4 Percent

February 28, 2012 10:10 AM EST Feb. 28 (Bloomberg) -- Home prices in 20 U.S. cities dropped more than forecast in December to the lowest level since the housing crisis began in mid-2006, indicating foreclosures are hampering the industry's recovery. The S&P/Case-Shiller index of property values in 20 cities fell 4 percent from a year earlier, after decreasing 3.9 percent in November, a report from the group showed today in New York. Betty Liu reports on Bloomberg Television's "In the Loop." (Source: Bloomberg) (Bloomberg)

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