ASU: Housing, commercial real estate prices slip again – Phoenix Business Journal.  Arizona State’s Repeat Sales Index measures the annual  home value changes for the Phoenix Metropolitan area.  The index is currently showed a 2 percent drop in residential housing from August 2009-2010.  Commercial real estate is trending around 30 percent lower than last year.

Foreclosures hit a record high in August  nationally with the banks foreclosing on 95,400 homes.  Nationally one out of every 381 homes received default notices in August.

ASU’s W.P. Carey Residential Real Estate Report for 9/2010