Las Vegas Home Prices Fall By 33 Percent From 2007 To '08, 2nd Largest Drop : News Photo

Las Vegas Home Prices Fall By 33 Percent From 2007 To '08, 2nd Largest Drop

NORTH LAS VEGAS - FEBRUARY 24: A sign is seen outside a foreclosed home February 24, 2009 in North Las Vegas, Nevada. Home prices in Las Vegas fell by 33 percent compared to the same period last year according to the Standard & Poors/Case-Shiller index for the fourth quarter of 2008. Las Vegas' slide was the second worst of the 20 cities tracked by the index, which also shows that national home prices dropped 18.2 percent in the fourth quarter, the largest slide in the index's 21-year history. In addition, the Federal Housing Finance Agency on Tuesday reported an 8.2 percent drop in home prices from a year earlier, its largest annual decline recorded since 1991. (Photo by Ethan Miller/Getty Images)
Caption:
NORTH LAS VEGAS - FEBRUARY 24: A sign is seen outside a foreclosed home February 24, 2009 in North Las Vegas, Nevada. Home prices in Las Vegas fell by 33 percent compared to the same period last year according to the Standard & Poors/Case-Shiller index for the fourth quarter of 2008. Las Vegas' slide was the second worst of the 20 cities tracked by the index, which also shows that national home prices dropped 18.2 percent in the fourth quarter, the largest slide in the index's 21-year history. In addition, the Federal Housing Finance Agency on Tuesday reported an 8.2 percent drop in home prices from a year earlier, its largest annual decline recorded since 1991. (Photo by Ethan Miller/Getty Images)
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Date created:
February 24, 2009
Editorial #:
85062785
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Photographer:
Ethan Miller / Staff
Collection:
Getty Images News
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Getty Images
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Getty Images North America
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56844870

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sign is seen outside a foreclosed home February 24 2009 in North Las... News Photo 85062785Construction,Finance,Foreclosure,Home,Horizontal,Las Vegas,Nevada,Signs and Symbols,USAPhotographer Collection: Getty Images News 2009 Getty ImagesNORTH LAS VEGAS - FEBRUARY 24: A sign is seen outside a foreclosed home February 24, 2009 in North Las Vegas, Nevada. Home prices in Las Vegas fell by 33 percent compared to the same period last year according to the Standard & Poors/Case-Shiller index for the fourth quarter of 2008. Las Vegas' slide was the second worst of the 20 cities tracked by the index, which also shows that national home prices dropped 18.2 percent in the fourth quarter, the largest slide in the index's 21-year history. In addition, the Federal Housing Finance Agency on Tuesday reported an 8.2 percent drop in home prices from a year earlier, its largest annual decline recorded since 1991. (Photo by Ethan Miller/Getty Images)