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Archive Home > 2008 > December > 31 > Home prices dropped 18 percent in October

Home prices dropped 18 percent in October


December 31, 2008

U.S. home prices continued spiraling downward at a record-setting pace in October, according to a prominent index released Tuesday.

The Standard & Poor’s/Case-Shiller index of home prices in 20 metropolitan areas was down 18 percent in October from the same month a year ago.

The....

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