U.S. home prices to keep falling

Tighter credit could crimp demand for homes and cause prices to fall further, the Cleveland Fed said. "Any change in the ability to purchase a home . . . can have a large impact on the level and volatility of housing prices," it said. Prices in the 20 largest U.S. cities fell 2.8% in Q2 from a year earlier, according to the Standard & Poor's/Case-Shiller Home Price Index.

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