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The Big Picture (through S&P) reports that the Case Shiller for November 2008 showed a 18.2% decline y/o/y for the 20 city Home Price Index. The index is now down 25% from its price highs of July ‘06.
The Big Picture: Residential Real Estate Prices Freefall, Jan. 27, 2009
Related Reading:
Reuters: Home prices may drop into 2010 or longer: Shiller, Jan. 22, 2009