Property prices in the USA are continueing to fall, as there has been a rise in the number of distressed sales.

The average cost of a home in America reduced by 1.4% month-on-month in November, new reports from the Home Price Index show. This included the sale of distressed homes.

A chief economist for CoreLogic, which produced the report had this to say: “Distressed sales continue to put downward pressure on prices and is a factor that must be addressed in 2012 for a housing recovery to become a reality.”

When distressed sales were taken out of the equation, the report showed that property prices in America still fell by around 0.6% in November alone, year-on-year.

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