Home Prices Dove Over Past Year
In the things-you-might-have-known category: Home prices dove a record 17.7 percent in the year ending in August, according to the newest data from the S&P Case-Shiller home price index. (PDF)
Phoenix was the hardest-hit of all 20 cities surveyed, where home prices plummeted 30.7 percent during the past 12 months. Las Vegas (down 30.6 percent) and Miami (down 28.1 percent) were right behind.
None of the 20 cities surveyed showed a price increase.
-- Frank Ahrens
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Frank Ahrens
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October 28, 2008; 9:39 AM ET
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