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Home prices falling faster in biggest U.S. cities

Home prices are bottomward in the nation's better cities and are accepted to abatement through abutting year, as beneath bodies acquirement homes and millions of foreclosures appear on to the market.The Standard & Poor's/Case-Shiller 20-city home amount basis appear Tuesday fell 1.3 percent in October from September.All cities recorded account amount declines. The aftermost time that happened was in Feb. 2009.Atlanta recorded the better decline. Prices there fell 2.9 percent from a ages earlier. Home prices in Washington alone 0.2 percent in October, the additional account abatement afterwards bristles beeline increases.Home prices in Dallas, Portland, Ore., Charlotte, N.C., Tampa, Fla. and Denver accept collapsed for four beeline months.The 20-city basis has risen 4.4 percent from their April 2009 bottom. But it charcoal 29.6 percent beneath its July 2006 peak.This year is on clip to accomplishment as the affliction for home sales in added than a decade. High unemployment and bound acclaim accept kept bodies from affairs homes, admitting some of the everyman mortgage ante in decades.