US house prices are falling at a record rate, intensifying fears that the sub-prime mortgage crisis has led to a more widespread housing slump that could further weaken America's economy. Daily Telegraph, The Times

The Standard & Poor's/Case-Shiller index of 10 metropolitan areas fell 6.7% compared to October 2006, a record decline.

The previous biggest fall was a 6.3% drop recorded in April 1991 just after the recession of the early 1990s.