US Property Prices Down 29 Percent and Falling Fast

by Benjamin Domenech on 1:14 am April 2, 2009

The latest figures dash hopes that emergency action by the US Federal Reserve over the winter would at least slow the pace of decline.

Prices dropped 19pc in the 20 largest cities in the year to January, with an accelerating downward lurch during the first weeks of 2009.

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