The latest data from Standard & Poor's/Case-Shiller shows that national home prices have fallen at the sharpest rate in two decades. S&P reported a 14.1% decline in the first quarter of 2008 compared with a year earlier.
According to S&P the areas reporting the biggest declines are those that grew the most in the recent real estate boom. Las Vegas leads the pack with 25.9% annual decline. Phoenix came in third with a decline of 23%.
According to S&P the areas reporting the biggest declines are those that grew the most in the recent real estate boom. Las Vegas leads the pack with 25.9% annual decline. Phoenix came in third with a decline of 23%.
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National home prices seeing sharpest decline in two decades
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