S&Ps/Case-Shiller Home Price Index: More Bad News
-->California Housing Crash, Florida Housing Crash, The Economy, Real Estate May 26th, 2009
Home prices keep going down and according to the CNBC:
The U.S. housing market is in the worst downturn since the Great Depression as a huge supply of unsold homes, tighter lending standards and record foreclosures push down prices.
The S&P/Case-Shiller U.S. National Home Price Index continues to set record declines, a trend that began in late 2007 and prevailed throughout 2008. The index, which covers all nine U.S. census divisions, recorded a 19.1 percent decline in the first quarter of 2009 from the first quarter of 2008, the largest decline in the 21-year history of the series.
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