Home Prices: Steepest Drop in 20 Years
S&P Says Housing Prices Fell in 2Q by Steepest Rate Since Its Index Was Started in 1987
"U.S. home prices fell 3.2 percent in the second quarter, the steepest rate of decline since Standard & Poor's began its nationwide housing index in 1987"
"The decline in home prices around the nation shows no evidence of a market recovery anytime soon"
"The median price of a home sold last month slid to $230,200, down by 0.6 percent from the median price a year ago. It marked the 12th consecutive month that home prices have declined, a record stretch."
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