U.S. Home Prices Fall Fastest in at Least 8 Years

NEW YORK (AP) -- U.S. home prices tumbled in April at the fastest rate since a widely-followed index was begun in 2000 with all 20 metropolitan areas posting annual declines for the first time. The Standard & Poor's/Case-Shiller home price index of 20 cities fell by 15.3 percent in April versus last year, according to Tuesday's report. Prices nationwide are at levels not seen since August 2004. The narrower 10-city index declined 16.3 percent in April, its biggest decline in its more than...Full Story
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