U.S. home prices fell in October all over the country, with Chicago real estate prices among those dropping the most.

The Standard & Poor’s/Case-Shiller home-price indexes were released on Tuesday to show that 19 of the 20 largest U.S. metropolitan areas reported lower home prices from September, and 18 of the 20 experienced year-over-year declines.

In Chicago, home prices fell 1.8 percent from September to October. Compared to October 2010, our home values are down 4.8 percent. We are one of the cities marking the biggest drops.

“Atlanta and the Midwest are regions that really stand out in terms of recent relative weakness,” said David M. Blitzer, Chairman of the Index Committee at S&P Indices. “Atlanta was down 5.0 percent over the month, after having fallen by 5.9% in September. It also has the weakest annual return, down 11.7 percent.

Author:Tracy (Chicagoland)

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