Case-Shiller: Home price gains decelerate rapidly

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Investments / The Ticker

Falling consumer confidence effects mortgage-backed securities

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The November S&P/ Case-Shiller 20-city home price index rose 0.6% from October and was 5.5% higher than the same period one year ago, reflecting the strength in the housing market.

Consumer Confidence declined to 58.6, far below the consensus of 65.0, and the lowest level since November 2011.

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