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Home Prices Fell at Record Rate in Fourth Quarter: Survey 

Feb 26, 2008By

Home prices fell at a record pace in December, with 20 of the nation’s largest metropolitan areas recording an annual price decline of 9.1 percent during 2007. According to the Standard & Poor’s/Case-Shiller national price index, prices fell 8.9 percent during the fourth quarter compared to one year earlier, the largest drop in the series’ 20-year history.

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