Reply #2: Study: S. Fla. No. 1 in home prices slide [View All]

[Scurrilous]

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"South Florida home prices lost 17.5 percent in the final quarter of 2007, the worst in the nation, Standard & Poor's said Tuesday.

U.S. home prices lost 8.9 percent in the final quarter of 2007, marking a full year of declining values and the steepest drop in the 20-year history of its housing index."

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"The Miami market, which includes Broward, Miami-Dade and Palm Beach counties, continues to lead the weakest markets, posting a 17.5 percent annual decline. Las Vegas and Phoenix followed with a 15.3 percent drop each. Los Angeles, San Diego, San Francisco, Detroit and Washington, D.C., all recorded double-digit annual declines."

http://www.miamiherald.com/news/breaking_news/story/433959.html