PASADENA, CA - SEPTEMBER 23:  A realtor sign advertises that the price of a house has been reduced, September 23, 2008 in Pasadena, California. Home prices have reportedly now receded to October 2005 levels after falling 5.3 percent in July compared with a year ago. The sub-prime mortgage meltdown and resulting onslaught of mortgage defaults and home foreclosures have contributed to the credit crises that has shaken Wall Street and led to one of the biggest threats to the US economy since the Great Depression. Getty Images logo Getty Images 13 months ago

PASADENA, CA - SEPTEMBER 23: A realtor sign advertises that the price of a house has been reduced, September 23, 2008 in Pasadena, California. Home prices have reportedly now receded to October 2005 levels after falling 5.3 percent in July compared with a year ago. The sub-prime mortgage meltdown and resulting onslaught of mortgage defaults and home foreclosures have contributed to the credit crises that has shaken Wall Street and led to one of the biggest threats to the US economy since the Great Depression.