In the first quarter, the Case-Shiller Indexes showed home prices across the country fell 14% from last year representing the largest drop in the 20 year history of the indexes.
Las Vegas remained the weakest market, reporting an annual decline of 25.9%, followed by Florida 24.6% and Phoenix 23%
The number of households facing the foreclosure process more than doubled in the second quarter compared to a year ago. Nationwide 739,714 homes, or one in every 171 U.S. households, received a foreclosure notice.
