The Standard & Poor/Case-Schiller housing index, which covers 20 cities, fell at a staggering rate in August, dropping a record 16.6 percent from last year.
The index recorded 20 consecutive months of falling prices across 20 cities. With home values bottoming out, see what's happening to home prices in your area, and learn more about possible signs of a turnaround.
According to new figures in the August Standard & Poor/Case-Schiller Home Price Index, the cities that fared the worse over the last 12 months were Phoenix, where home prices fell 30.7 percent, and Las Vegas, which saw home prices fall 30.6 percent. Dallas and Charlotte were relatively stable, only falling 2.7 and 2.8 percent respectively.
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