Wednesday, March 26, 2008

U.S. homes prices slump again



Prices of existing single-family homes slumped in January, according to the Standard & Poor's/Case-Shiller home price index. 16 of 20 regions measured posted record annual declines, with home prices in Las Vegas and Miami falling more than 19 percent year-over-year-- the most of any region. Jon Decker reports.