Tuesday, March 31, 2009

And It Would Suck to Be Phoenix

According to the Christian Science Monitor, the housing price tumble continues:
According to numbers released Thursday, a 20-city average of home prices fell 2.8 percent in January, faster than the 2.6 percent drop recorded in December. Overall, the 20-city Case-Shiller index reported by Standard & Poor’s has fallen 19 percent in the past year and nearly 29 percent from its peak in 2006.

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