Repossessed sign outside a US property
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Report 'to show further drop in US house prices'

The S&P/Case-Shiller home price index is released today and is expected to show another drop in US house prices.

The forecasts include a month-over-month -0.1% drop and a seasonal decline of -0.4%.

Last year the US property market received a temporary boost from government tax incentives but prices now stand at a nine year low.

Caroline Hepker reports.

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