Home Prices Still Falling
MoneyNews
Wednesday, Dec. 26, 2007
NEW YORK -- U.S. home prices fell in October for the 10th consecutive month, declining a record 6.7 percent compared with a year ago, according to the Standard & Poor's/Case-Shiller home price index.
"No matter how you look at these data, it is obvious that the current state of the single-family housing market remains grim," said Robert Shiller, who helped create the index, in a statement Wednesday.
The previous record decline was a drop of 6.3 percent, recorded in April 1991.
Home prices fell 1.4 percent in October compared with the previous month. more....
http://moneynews.newsmax.com/money/archives/articles/2007/12/26/094407.cfm
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