October 30, 2008
For the 25th consecutive month in a row, US house prices saw a drop in August. 10 Major US markets have now seen a record 17.7 percent average fall in the last year, with some markets falling more than 30 percent for the year. Phoenix, Las Vegas, Miami and Los Angeles topped the list of losers, and no city on the S&P/Case Shiller Home Price 20-city Index saw a price increase over the last year.
