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Home prices fell in December in most U.S. cities

WASHINGTON — Home prices fell in December for a fourth straight month in most major U.S. cities, as modest sales gains in the depressed housing market have yet to lift prices. The Standard & Poor’s/Case-Shiller home-price index shows prices dropped ...

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Bernanke: Weak housing has hurt consumer spending

WASHINGTON — Ben Bernanke said declines in home prices have forced many Americans to cut back sharply on spending and warned that the trend could continue to weigh on the U.S. economy for years. The Federal Reserve chairman drew the ...

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