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Composite home prices have fallen by 19% from last year.
Top 3 annual delines:
1. Phoenix, AZ – 35%
2. Las Vegas, NV – 32%
3. San Francisco, CA – 31%
Top 3 monthly declines:
1. Cleveland, OH – 4.99%
2. Phoenix, AV – 4.46%
3. Detroit, MI – 3.82%
Noteworthy: Declines in Cleveland and Detroit are picking up steam.