And there's no bottom in sight
(NEWSER) - The housing industry keeps finding new lows: Today's Case-Shiller price index shows that prices fell in the first quarter to the lowest levels since the crash began, reports the Wall Street Journal . The drop of 4.2%, on top of last quarter's 3.6% drop, is evidence of a "double dip in home prices across much of the nation," says an S&P official. The percentage of homeowners, meanwhile, has fallen to 66.4%, on par with levels in 1998, reports the New York Times . That's down from 69.2% in 2004. More»
