According to Standard's & Poors/ Case Shiller home price index, DC is in the worst 10 cities that had experienced big price drops. Via Reuters.
"S&P said its composite month-over-month index of 10 major metropolitan areas declined 0.8 percent in August to 214.35, for a 5 percent year-over-year drop, S&P said in a statement on Tuesday.
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Tampa and Detroit registered the steepest yearly price drops of 10.1 percent and 9.3 percent, respectively, according to the index. Tampa and seven other regions including Miami, Las Vegas, San Diego and Washington had their lowest recorded annual returns in August, it said."
