Horror Headlines Just in time for Halloween: San Francisco home prices down 25%

That's according to the widely quoted and respected Case-Shiller Index, quoting price drops year over year of 25% for July 2008 (the latest figures available for the index). But not so fast. As I explain here, the so-called "San Francisco Index" actually comprises a much much bigger area than the City by the Bay. How is San Francisco doing? Not so bad, relatively speaking. It's down around 11.3% for September 2008 from a year earlier. Here's how the Bay Area Counties stack up according to Dataquick -- my data for San Francisco shows a slightly smaller drop for September 2008).