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By turnercowles
December 2, 2014
S&P Index Reports Record Drop In U.S. Home Prices
GLENDALE, CA - NOVEMBER 27: A reduced price sign sits in front of a house November 27, 2007 in Glendale, California. U.S. home prices plummeted 4.5 percent in the third quarter from the year before. It is the biggest drop since the start of Standard & Poor’s nationwide housing index 20 years ago, the research group announced. Prices also fell 1.7 percent from the previous three-month period in the largest quarter-to-quarter decline in the index’s history. (Photo by David McNew/Getty Images)
David McNew—Getty Images