Phoenix leads nation in home price drop: "Metropolitan Phoenix now leads the nation for home price declines, according to the S&P/Case-Shiller Home Price index released this morning. The Valley’s existing home price fell 30.7 percent between August 2007 and August 2008.
The Valley just beat out Las Vegas for the top spot for the biggest drop in home prices. The Nevada city’s resale home price has fallen 30.6 percent based on the index.
Miami, Los Angeles, San Francisco and San Diego were all right behind with home price declines of more than 25 percent."
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Phoenix leads nation in home price drop
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