Us house prices weaken in june

US house prices fell slightly in June, an index of pricing shows, in the latest sign that the housing market remains weak.

A Standard & Poor’s index of 20 cities across the US showed house prices fell 4.5 per cent in June compared with a year ago.

The fall was slightly better than the 4.6 per cent fall economists expected, and none of the cities analysed showed alarming falls.

But the S&P / Case Schiller composite index of the cities fell 0.1 per cent on a seasonally adjusted basis, below expectations for it to remain flat.

Source: CityAM.com