Find Existing Homes
from REALTOR.com®

or

State AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA PR RI SC SD TN TX UT VA VT WA WI WV WY

NEW YORK (AP) — A widely watched index shows home prices tumbled by the sharpest annual rate on record in the fourth quarter and in December.

The Standard & Poor's/Case-Shiller U.S. National Home Price Index plunged 18.2 percent during the quarter from the same period a year ago, the largest drop in its 21-year history. Prices are now at levels not seen since the third quarter of 2003.

In the month of December, the Case-Shiller 20-city index plunged 18.5 percent from December 2007 levels, while the 10-city index dropped 19.2 percent.

Prices in the 20-city index have plummeted 27 percent from their peak in the summer of 2006, and the 10-city index has fallen more than 28 percent.

— For more ways to save, spend, invest and borrow, visit MainStreet.com.