Home prices falling faster in most metro areas

From USA TODAY:

Home prices are falling faster in the largest U.S. cities, and a record number of foreclosures are expected to push prices down further through next year.

The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday fell 0.7% in September from August. Eighteen of the cities recorded monthly price declines.

The 20-city index has risen 5.9% from their April 2009 bottom. But it remains nearly 28.6% below its July 2006 peak.  And home prices have fallen in 15 of the 20 cities in the past year…

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