MATADOR NINETY-FOUR

Home Prices Tumble in 80 Percent of U.S. Cities

Home prices fell in four out of every five U.S. cities in the third quarter, a record spurred by distressed foreclosure sales across the country.

The median price of a U.S. home declined 9 percent from a year earlier and sales of properties with mortgages in default accounted for at least a third of all transactions, the Chicago- based National Association of Realtors said today. Prices fell in 120 U.S. metropolitan areas, rose in 28 and were unchanged in four, the biggest share of declines in data going back to 1979.

Read the rest of this story at Bloomberg

Read the full story about Southern California home prices falling by 41% since peak at latimes.com

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