On Tuesday, we learned that U.S. home prices as measured by the seasonally adjusted Case-Shiller National Home Price Index fell for the fifth straight month in November. Since peaking in June, U.S. home prices have fallen 2.5%.
On one hand, that 2.5% drop in U.S. home prices marks the second-biggest home price correction of the post–World War II era. On the other hand, through November, it's just a mild correction compared to the 26% peak-to-trough drop notched between 2007 and 2012.
