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Released: June 01, 2011
Bottom may be near for slide in housing
Source: David Streitfeld, NY Times (Free Registration)
How low can the market go? For real estate, some economists say, an end to the seemingly endless decline in housing values might be in sight. Not immediately. At the moment, prices are still dropping. In 20 large cities, prices fell 0.8 percent in March from the previous month, according to the Standard & Poor’s Case-Shiller Home Price Index released Tuesday. That pushed the closely watched index below its level of two years ago to a new post-bubble low, and put it 33.1 percent under its July 2006 peak.Read Full Article: Bottom may be near for slide in housing
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