"We're clearly seeing a broadening, as well as a deepening of the declines," real estate analyst...

|By:, SA News Editor

"We're clearly seeing a broadening, as well as a deepening of the declines," real estate analyst Mike Larson says of the 9% drop in home prices. "We've moved past the time when price drops were fed by bursting of real estate bubbles to one in which the broad economic downturn, marked by job losses, is taking hold."