Home prices drop record amount

Republican economics at work.

Prices of existing U.S. single-family homes in the third quarter slumped 4.5 percent from a year earlier, matching a record decline from the previous period as the housing downturn deepened, according to a national home price index on Tuesday.

The S&P;/Case-Shiller National Home Price Index fell 1.7 percent from June, marking the largest quarterly decline in the index’s 21-year history, S&P; said in a statement.


An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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