Minneapolis July home prices down 13 percent over previous year’s

On the brink of the greatest Wall Street bailout ever, home prices continue to decline nationwide, according to the most recent S&P/Case-Shiller Home Price Index. Data released today reveals that 20-city home-price composite indices have reached record-level declines of 16.3 percent for the period of July 2007 to July 2008. In fact, every city was saddled with a year-to-year decline, with Minneapolis reporting a 13.1 percent price drop.