CHART OF THE DAY: Home Prices Keep Tanking

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There’s a little bit of flattening out at the bottom of this chart, but the latest Case-Shiller numbers confirm that the housing market is still tanking. The nearly 19% decline in March was the second worst on record (February was the worst). Housing prices are now 30% off their peak nationwide, and will likely fall to at least 40% off the peak before things turn around.

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