Big Fall Reported in 2Q Home Prices

Tuesday August 28, 8:08 pm ET
By Vinnee Tong, AP Business Writer S&P Says Housing Prices Fell in 2Q by Steepest Rate Since Its Index Was Started in 1987

NEW YORK (AP) -- U.S. home prices fell 3.2 percent in the second quarter, the steepest rate of decline since Standard & Poor's began its nationwide housing index in 1987, the research group said Tuesday.