Federal Reserve to print more money as a result. Residential real-estate prices dropped in November by the most in a year, signaling housing has yet to join the U.S. rebound.

By Shobhana Chandra at Bloomberg.com

EXCERPTS:

Mounting foreclosures will probably throw more properties on the market this year, further depressing prices, homeowners’ equity and construction. The lack of a sustained housing rebound and unemployment above 9 percent are among reasons the Federal Reserve may announce this week it’ll complete a second round of stimulus that will pump $600 billion into the economy by June.

Sixteen of the 20 cities in the index showed a year-over- year decline, led by a 7.9 percent drop in Atlanta. In November, prices in nine markets dropped to fresh lows from their 2006, 2007 peaks.

“With these numbers more analysts will be calling for a double-dip in home prices,” David Blitzer, chairman of the index committee at S&P, said in a statement. A double-dip would be reached when the 20-city index sets a new post-peak low, which may happen in the first half of this year, said Blitzer.

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