From the Detroit News: Home prices fall sharply in second quarter; Detroit posts worst decline.
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 today.
Detroit led the cities with the biggest price declines, with an 11 percent drop from June of last year.
It's pray-to-Baby-Jebus time!
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