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LAS VEGAS - JULY 29: Signs hang outside homes for sale July 29, 2008 in Las Vegas, Nevada. Home prices in the United States plunged by the steepest rate ever in May according to Standard & Poor's Case-Shiller index as a nationwide housing slump continues. Las Vegas' 28 percent price drop was the worst of the 20 cities tracked by the index over the last year.
LAS VEGAS - JULY 29: Signs hang outside homes for sale July 29, 2008 in Las Vegas, Nevada. Home prices in the United States plunged by the steepest rate ever in May according to Standard & Poor's Case-Shiller index as a nationwide housing slump continues. Las Vegas' 28 percent price drop was the worst of the 20 cities tracked by the index over the last year.
LAS VEGAS - JULY 29: A sign hangs outside a foreclosed home July 29, 2008 in Las Vegas, Nevada. Home prices in the United States plunged by the steepest rate ever in May according to Standard & Poor's Case-Shiller index as a nationwide housing slump continues. Las Vegas' 28 percent price drop was the worst of the 20 cities tracked by the index over the last year.
LAS VEGAS - JULY 29: A sign hangs outside a foreclosed home July 29, 2008 in Las Vegas, Nevada. Home prices in the United States plunged by the steepest rate ever in May according to Standard & Poor's Case-Shiller index as a nationwide housing slump continues. Las Vegas' 28 percent price drop was the worst of the 20 cities tracked by the index over the last year.
LAS VEGAS - JULY 29: A sign hangs outside a foreclosed home July 29, 2008 in Las Vegas, Nevada. Home prices in the United States plunged by the steepest rate ever in May according to Standard & Poor's Case-Shiller index as a nationwide housing slump continues. Las Vegas' 28 percent price drop was the worst of the 20 cities tracked by the index over the last year.
LAS VEGAS - JULY 29: A sign hangs outside a foreclosed home July 29, 2008 in Las Vegas, Nevada. Home prices in the United States plunged by the steepest rate ever in May according to Standard & Poor's Case-Shiller index as a nationwide housing slump continues. Las Vegas' 28 percent price drop was the worst of the 20 cities tracked by the index over the last year.
LAS VEGAS - JULY 29: A sign hangs outside a foreclosed home July 29, 2008 in Las Vegas, Nevada. Home prices in the United States plunged by the steepest rate ever in May according to Standard & Poor's Case-Shiller index as a nationwide housing slump continues. Las Vegas' 28 percent price drop was the worst of the 20 cities tracked by the index over the last year.
The Philadelphia Housing Authority's Falls Ridge development includes public housing, and a 16-acre site on which Westrum Development Company is building 128 market-rate units, revolutionizing the concept of public housing. Standard & Poor's gave PHA a strong AA- rating based on its real estate portfolio and strong efficiencies in its property management functions.
The Standard & Poors numbers are shown on the top two lines of this board at the New York Stock Exchange, Tuesday July 29, 2008. McGraw-Hill Cos., which publishes textbooks and owns credit ratings agency Standard & Poor's, on Tuesday affirmed its full-year earnings outlook despite continued struggles in the financial markets.
Peru's new Finance Minister Luis Valdivieso talks to the media after the minister swearing-in ceremony at the government palace in Lima July 14, 2008. Credit rating agency Standard & Poor's elevated Peru's foreign currency sovereign credit rating to "BBB-", up one notch from "BB+", putting it on par with a rating given by Fitch in April. The upgrade to investment grade by a second rating agency will give Peru wider access to cheaper long-term financing and help attract foreign investment.
Peru's new Finance Minister Luis Valdivieso talks to the media after the minister swearing-in ceremony at the government palace in Lima July 14, 2008. Credit rating agency Standard & Poor's elevated Peru's foreign currency sovereign credit rating to "BBB-", up one notch from "BB+", putting it on par with a rating given by Fitch in April. The upgrade to investment grade by a second rating agency will give Peru wider access to cheaper long-term financing and help attract foreign investment.
NORTH AURORA, IL - JUNE 24: Vacant lots sit for sale in an unfinished neighborhood in North Aurora, Illinois on June, 24 2008. Recently, U.S. home prices have fallen at the fastest rate since the Standard & Poor's/Case-Shiller home price index went into effect in 2000. All 20 cities included in the index fell by 15.3 percent this April compared to last year.
NORTH AURORA, IL - JUNE 24: Vacant lots sit for sale in an unfinished neighborhood in North Aurora, Illinois on June, 24 2008. Recently, U.S. home prices have fallen at the fastest rate since the Standard & Poor's/Case-Shiller home price index went into effect in 2000. All 20 cities included in the index fell by 15.3 percent this April compared to last year.
NORTH AURORA, IL - JUNE 24: Vacant lots sit for sale in an unfinished neighborhood in North Aurora, Illinois on June, 24 2008. Recently, U.S. home prices have fallen at the fastest rate since the Standard & Poor's/Case-Shiller home price index went into effect in 2000. All 20 cities included in the index fell by 15.3 percent this April compared to last year.
NORTH AURORA, IL - JUNE 24: A house in North Aurora, Illinois is listed with a new reduced price on June, 24 2008. Recently, U.S. home prices have fallen at the fastest rate since the Standard & Poor's/Case-Shiller home price index went into effect in 2000. All 20 cities included in the index fell by 15.3 percent this April compared to last year.
NORTH AURORA, IL - JUNE 24: A house in North Aurora, Illinois is listed with a new reduced price on June, 24 2008. Recently, U.S. home prices have fallen at the fastest rate since the Standard & Poor's/Case-Shiller home price index went into effect in 2000. All 20 cities included in the index fell by 15.3 percent this April compared to last year.
NORTH AURORA, IL - JUNE 24: A house in North Aurora, Illinois is listed with a new reduced price on June, 24 2008. Recently, U.S. home prices have fallen at the fastest rate since the Standard & Poor's/Case-Shiller home price index went into effect in 2000. All 20 cities included in the index fell by 15.3 percent this April compared to last year.
NORTH AURORA, IL - JUNE 24: Vacant lots sit for sale in an unfinished neighborhood in North Aurora, Illinois on June, 24 2008. Recently, U.S. home prices have fallen at the fastest rate since the Standard & Poor's/Case-Shiller home price index went into effect in 2000. All 20 cities included in the index fell by 15.3 percent this April compared to last year.
NORTH AURORA, IL - JUNE 24: Vacant lots sit for sale in an unfinished neighborhood in North Aurora, Illinois on June, 24 2008. Recently, U.S. home prices have fallen at the fastest rate since the Standard & Poor's/Case-Shiller home price index went into effect in 2000. All 20 cities included in the index fell by 15.3 percent this April compared to last year.
NORTH AURORA, IL - JUNE 24: A house in North Aurora, Illinois is listed with a new reduced price on June, 24 2008. Recently, U.S. home prices have fallen at the fastest rate since the Standard & Poor's/Case-Shiller home price index went into effect in 2000. All 20 cities included in the index fell by 15.3 percent this April compared to last year.
NORTH AURORA, IL - JUNE 24: A house in North Aurora, Illinois is listed with a new reduced price on June, 24 2008. Recently, U.S. home prices have fallen at the fastest rate since the Standard & Poor's/Case-Shiller home price index went into effect in 2000. All 20 cities included in the index fell by 15.3 percent this April compared to last year.