"The Valley's housing market plummeted past another milestone in July, tying a record 17 consecutive months of declining home values.
The mark was set in the early 1990s after the savings-and-loan industry implosion.
The latest Arizona State University Repeat Sales Index, released Monday, reported an average one-year decline in home values of 24 percent from July 2007 to July 2008."
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Signs of a record fall
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