In the U.S., the world’s largest. of 70 cities, was down from a 12.8 percent advance in April. “You’re starting to see that collapse in property and it’s going to hit the banking system,” said.
Home prices in the top 20 cities fell 0.4 percent. for about 70 percent of the world’s largest economy. The share of U.S. mortgages in the foreclosure process at the end of 2010 matched an all-time.
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