More bad housing news

Via ABCNEWS, click link for complete story

U.S. Home Prices Fall Fastest in at Least 8 Years

All 20 Metro Areas Surveyed Showed Home Price Declines According to a Prominent National Index

By J.W. ELPHINSTONE
AP Business Writer
June 24, 2008

NEW YORK (AP) -- U.S. home prices tumbled in April at the fastest rate since a widely-followed index was begun in 2000 with all 20 metropolitan areas posting annual declines for the first time.