U.S. home prices continue to decline

WASHINGTON, Dec. 27 (Xinhua) -- U.S. home prices continued to decline, according to data released Tuesday.

The S&P CoreLogic Case-Shiller Home Price Index dropped 0.5 percent for October, marking its fourth monthly fall.

According to the index, year-on-year prices increased 8.6 percent, slowing from 10.4 percent in the previous month.

The data comes amid the most aggressive interest-rate hike cycle