The Dow Jones Business News reported that US home prices fell .7% in the fourth quarter, according to the new Case-Shiller price index.
Why is this statistic important? It is the fastest rate that national home prices have fell since 1992. Prices in the metro areas are down 2%, and overall home prices rose only .4% last year.
None of the price gains were in Orlando; The biggest gains were in Seattle, Portland, and Charlotte.
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