A government report says U.S. home prices fell a record 5.9 percent in August from the same month last year.
The Federal Housing Finance Agency also says prices, on a seasonally adjusted basis, fell 0.6 percent from July to August. The index is down 6.5 percent from its peak in April of last year.
The government index is calculated using mortgage loans bought or guaranteed by the government-controlled, mortgage-finance companies Fannie Mae and Freddie Mac.
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