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Phoenix takes biggest hit in home price index – Phoenix Business Journal:

Tuesday, March 31, 2009, 9:52am MST

Phoenix Business Journal

Housing prices in 20 major cities fell at record monthly and annual levels in January, and Phoenix has the dubious distinction of leading the declines, according to the S&P Case-Shiller Home Price Index.

The private report released Tuesday shows prices down 2.8 percent from December nationally and 19 percent [...]