"There are very few silver linings that one can see in the data. Most
of the nation appears to remain on a downward path," said David
Blitzer, chairman of S&P's index committee.
From The Associated Press, 5/27/08:
http://www.newsday.com/business/nationworld/ats-ap_business10may27,0,7532521.story
S&P: Home prices tumble a record 14.1 pct in 1Q
NEW YORK -
A closely watched housing index shows U.S. home prices dropped at the
sharpest rate in two decades during the first quarter.
The Standard & Poor's/Case-****ller said Tuesday its U.S. National Home
Price index fell 14.1 percent in the first quarter compared with a
year earlier, the lowest since its inception in 1988.
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Harry
