Home Prices Continued To Decline In 2008, New Index Reports

RIVERSIDE, CA - FEBRUARY 24: A home construction site stands idle where construction has been halted, on February 24, 2009 near Riverside, California. U.S. single family homes prices continued to plummet for the second year, falling 8 percent in the fourth quarter of 2008 compared to the year before. It was the biggest decline in the 21-year history of the Standard & Poors/Case-Shiller US national home price index. Big declines hit cities like Phoenix with a 34 percent drop; Las Vegas dipping 33 percent; San Francisco down by 31 percent; Miami 29 percent; and Los Angeles, which includes Orange County, falling 26 percent. The January median sales price for Southern California homes fell 40 percent from the same month a year prior and Los Angeles-area home prices ended 2008 down 37 percent from a late 2006 peak. (Photo by David McNew/Getty Images)
RIVERSIDE, CA - FEBRUARY 24: A home construction site stands idle where construction has been halted, on February 24, 2009 near Riverside, California. U.S. single family homes prices continued to plummet for the second year, falling 8 percent in the fourth quarter of 2008 compared to the year before. It was the biggest decline in the 21-year history of the Standard & Poors/Case-Shiller US national home price index. Big declines hit cities like Phoenix with a 34 percent drop; Las Vegas dipping 33 percent; San Francisco down by 31 percent; Miami 29 percent; and Los Angeles, which includes Orange County, falling 26 percent. The January median sales price for Southern California homes fell 40 percent from the same month a year prior and Los Angeles-area home prices ended 2008 down 37 percent from a late 2006 peak. (Photo by David McNew/Getty Images)
Home Prices Continued To Decline In 2008, New Index Reports
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Crédito:
David McNew / Fotógrafo de plantilla
Editorial n.º:
85062485
Colección:
Getty Images News
Fecha de creación:
24 de febrero de 2009
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Fuente:
Getty Images North America
Nombre del objeto:
56844925