By Bob Willis
Dec. 30 (Bloomberg) -- Home prices in 20 major U.S. cities declined at the fastest rate on record, depressed by mounting foreclosures and slumping sales.
The S&P/Case-Shiller index declined 18 percent in the 12 months to October, more than forecast, after dropping 17.4 percent in September. The gauge has fallen every month since January 2007. Year-over-year records began in 2001...
Full article at:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aquICb64DYOc&refer=home#
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