Home prices fell 0.2% in November on a seasonally adjusted basis after leveling off in October, suggesting the housing market has lost momentum and values could decline over the winter months, according to the Standard & Poor's/Case-Shiller 20-city price index.

"On balance, while these data do show that home prices are far more stable than they were a year ago, there is no clear sign of a sustained, broad-based recovery," said David Blitzer, chairman of S&P's index committee.

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