Home prices in the country’s largest 20 markets are now falling at an all-time record rate of 17.4%.
Sources:
National Trend of Home Price Declines Continues Through the Third Quarter of 2008
According to the S&P/Case-Shiller Home Price Indices
Standard & Poors
November 25, 2008
Home Prices for 20 U.S. Cities Decline Most on Record
Timothy R. Homan
Bloomberg
November 25, 2008