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Home prices down by record 11.4%: S&P

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    Other cities that showed double-digit percentage losses were Phoenix (18.2), San Diego (16.7) Los Angeles (16.5), Detroit (15.1), Tampa (15) and San Francisco (13.2). The index is considered a telling measure of home prices because it examines price changes of the same property over time, instead of calculating a median price of homes sold during the month.

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