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Mortgage News

Posted: 08/26/08 9:52 AM

Home Prices Tumble

The Standard & Poor's/Case-Shiller U.S. National Home Price Index fell a record 15.4% from second quarter 2007 to second quarter 2008. While these price declines are significant, the report did mention that the pace of the declines was slowing; indicating that some markets may be trying to bounce back. Las Vegas, Miami and Phoenix remain the weakest markets while Boston, Charlotte, Dallas, and Denver show the most strength.

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