WASHINGTON (PNN) - February 1, 2012 - Home prices fell for a third straight month in November in nearly all cities tracked by the Standard & Poor's/Case-Shiller home-price index.

The declines show that most homeowners are not reaping any benefits from what vested interest politicians call an improving housing market.

In reality, the Depression continues unabated.

Prices dropped from October in 19 of the 20 cities tracked.

The biggest declines were in Atlanta, Chicago and Detroit. Phoenix was the only city to show an increase.

November's decline partly reflects the typical fall slowdown after the peak buying season.
Still, prices declined in 18 of the 20 cities compared with the same month in 2010. Only Washington and Detroit posted year-over-year increases; and prices have fallen 33% nationwide since the housing bust, to 2003 levels.

Prices in Atlanta, Las Vegas, Seattle and Tampa fell to their lowest points since the start of the housing crisis.

"The trend is down and there are few, if any, signs in the numbers that a turning point is close at hand," said David M. Blitzer, chairman of S&P's index committee.

The Case-Shiller index covers half of all homes in the Fascist Police States of Amerika (FPSA). It measures prices compared with those in January 2000 and creates a three-month moving average. November data are the latest available.