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October 30th, 2007 4:37 PM by David W. Welch
Nationally, real estate prices fell again in August. It was the steepest decline in 16 years. This is based on an index that is supposed to measure the entire country. I have serious doubts as to the accuracy of this index, since it has only been around for a few years. In fact, I think it has only been in existence in up markets. The index may be trying to measure a market outside the parameters in which it was developed. They have Tampa as the biggest loser - bigger than Detroit.