U.S. home prices were weaker in August, according to the S&P Case-Shiller home-price indexes, as effects from the expiration of a government tax credit continued to wear off.
Separately, U.S. consumer confidence improved in October, but remained at historically low levels more than a year after the U.S. economy shifted into recovery, according to a report released Tuesday.
The Case-Shiller index of 10 major metropolitan areas fell 0.1% in August compared with July, while the 20-city index declined 0.2%. Adjusted for seasonal factors, the 10-area index fell 0.2%, while the 20-area declined 0.3%.
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