Prices in 20 U.S. Metro Areas Fall 18%

globalresearch.ca — "Home prices in 20 major U.S. cities declined at the fastest rate on record, depressed by mounting foreclosures and slumping sales. Compared with a year earlier, all areas in the 20-city survey showed a decrease in prices in October, led by a 33 percent drop in Phoenix, a 32 percent decline in Las Vegas and a 31 percent drop in San Francisco."