NEW YORK ( TheStreet) - The widely followed Case-Shiller Home Price Index out this morning showed a decline for November compared to October, but just barely.
The Composite-10 Index, covering 10 of the largest metropolitan housing markets, was $158,490 in November, down from $158,820 in October. The broader Composite-20 showed similar results, with a decline from October of 0.2%, the same as the Composite-10.
Compared to a year ago, prices for the two indexes were down 4.5% (Comp-10) and 5.3% (Comp-20). The year-over-year rates of price decline continue to improve, as shown in the graph provided by S&P Case-Shiller below.