Star Tribune Tue, 27 May 2008 14:09:44 GMT
Widely watched housing index says US home prices fell at steepest rate in 20 years in 1st qtr
NEW YORK - U.S. home prices dropped at the sharpest rate in two decades during the first quarter, a closely watched index showed Tuesday, a somber indication that the housing slump continues to deepen. Standard & Poor's/Case-Shiller said its national home price index fell 14.1 percent in the first quarter compared with a year earlier, the lowest since its inception in 1988. The quarterly index covers all nine U.S. Census divisions.
[[keywords: Housing;PropertyTax;Metro;]]
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