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Buy Al's book, "Aim for the Heart," here, and Poynter receives a small cut as an Amazon affiliate. If I made a list of the top stories in America in 2007, which I didn't, I would include the housing story in the top two or three. It affects personal wealth, community stability, civic engagement, local government income, banking and finance and yes, even the health of media -- especially newspapers that have relied on real estate listings for significant income.
Home prices in 20 major U.S. cities were down 6.1 percent on average in thepast year as of October, according to the Case-Shiller price indexreleased Wednesday by Standard & Poor's.
Since October 2006, pricesin 10 cities fell 6.7 percent -- a record drop. The prior largest decline was6.3 percent, reached in April 1991.
Standard & Poor's announced the findings in a ne
