Home Prices Tumbled By The Steepest Rate Ever In May

The Standard & Poor's/Case-Shiller 20-city index dropped by 15.8 percent in May compared with a year ago, a record decline since its inception in 2000. The 10-city index plunged 16.9 percent, its biggest decline in its 21-year history.

Below is the price changes for Dallas:

	October 2007 Level	October/September Change (%)	September/August Change (%)	1-Year Change (%)
Dallas	121.61	1.0%	1.1%	-3.1%
Composite-10	181.48	-1.0%	-1.5%	-16.9%
Composite-20	168.54	-0.9%	-1.3%	-15.8%

Standard & Poor’s Press Release PDF