It's time for the September 2011 edition of everyone's favorite index of existing house prices in 20 major American cities--the latest Case-Shiller data shows prices falling 0.6 percent over August and 3.6 percent over September 2010. Los Angeles was down 0.8 percent over August and 4.2 percent over last year. In a press release, the chairman of the index committee said "Any chance for a sustained recovery will probably need a stronger economy." Good to know. [LAT/S&P]
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