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Link to source at HousingWire.com

The pace of dropping U.S. property values quickened during March, reaching a record 14.1 percent decline during the first quarter of 2008, according to data released by Standard & Poor’s on Tuesday morning. The record drop was recorded by the S&P/Case-Shiller U.S. National Home Price Index, which covers sales spanning all nine census divisions for the past 20 years.

Read the rest at HousingWire.com

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