Data through October 2007 for the Case-Shiller Home Price Indices fell 6.1% year over year, showing broadbased declines in the prices of existing single family homes across the United States. This marks the 10th consecutive month of negative annual returns, and the 23rd consecutive month of decelerating returns. This was the biggest decline in this down cycle as prices fell 1.42% sequentially. The biggest decline was in San Diego, and smallest drop was in Portland. (NY had the 2nd smallest fall). Miami, Phoenix, Las Vegas, L.A. and San Francisco had amongst the biggest price declines. This is consistent with the reversal of those regions that had the largest increases during the boom times. [...] View original story