Chicago Tribune (07/30/08)
The Standard & Poor's/Case-Shiller 20-city home price index slumped 15.8 percent during the year-over-year period ended in May, while the 10-city index sank 16.9 percent over the same time span. For the second consecutive month, every city monitored by the index posted a decline in residential prices, with Las Vegas and Miami reporting the biggest decreases of 28.4 percent and 28.3 percent, respectively. Los Angeles, Phoenix, Portland, San Francisco, Seattle and Washington also recorded their largest drops in home prices since the index's inception. The smallest dip in prices of 0.2 percent was posted in Charlotte; smaller yearly decreases were recorded in Atlanta, Boston, Dallas, Detroit, Minneapolis, New York and Tampa as well.
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