Sunday, October 5, 2008

The Consumer Bailout That Nobody Knows About

Home prices in Phoenix see 29% drop, an article from The Arizona Republic, reports that according to a housing index released Tuesday, July home prices in Phoenix were down a record 29% from a year earlier. The Standard and Poor’s/ Case-Shiller 20-city housing index fell 16.3% in July, with home prices dropping by the sharpest annual rate since the index was created in 2000. Phoenix home values have steadily decreased si[...]

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[Source: The Money Blogs]

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