Seattle

Home Prices Drop Most in Over Two Decades During Third Quarter 

An index of national housing prices dropped the most in over two decades during the third quarter, fresh evidence that the nation’s housing slump is likely far from over. The S&P/Case-Shiller indices, release this morning, registered a 1.7 percent decline nationally during the third quarter of 2007 — the largest quarterly drop in the 21 year history of the index.