S&P/Case-Shiller: Home prices down 16.6% YOY in August
* Prices in 20 top U.S. metropolitan areas fell 1.03% between July and August. That compared with a 0.88% fall in July. It was also the biggest monthly decline since April (-1.28%)
* The year-over-year decline in the index came in at -16.6%. That was worse than the 16.3% drop in July and the worst fall on record.
* Every market in the 20-city index showed a YOY drop in prices, ranging from -30.7% in Phoenix to -2.66% in Dallas. On monthly basis, two markets showed a gain -- Cleveland at +1.07% and Boston at +0.1%. San Francisco notched the biggest loss at -3.48%.