June 24, 2008
Record Lows For National Home Prices
By Matthew L. Brown
In the past year, home prices in 20 major U.S. cities have dropped 15.3 percent, according to the Case-Shiller home price index.
Home prices have decreased by nearly 18 percent from their peak two years ago, the index said. Thirteen of the 20 cities tracked by Case-Shiller posted record declines in home prices in April and 10 cities showed double-digit declines.
Prices were down in all 20 cities compared with April 2006, according to the index. The Case-Shiller index tracks sales of the same homes over time.
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