Case-Shiller: Tampa Bay home prices back to November 2003

Tampa Bay area home prices have taken a time machine back to November 2003, according to the latest S&P/Case-Shiller Home Price Index. The well-regarded index of 20 major U.S. cities shows home values in February had retreated 39 percent since the July 2006 peak. Year over year, prices in Pinellas, Pasco, Hillsborough and Hernando counties have fallen 23 percent. Expect more devaluation as foreclosures steer the market.

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