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Home price decline sets new record



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The last time the housing market suffered such a decline was April 1991 during Bush I. A real bunch of economic experts we have in the GOP. If the Democrats have any backbone at all (I know, I know) they will ram this down the throats of the GOP and remind voters of the disastrous economic performances during Republican administrations.

Home prices in the United States fell in October for the 10th consecutive month, declining a record 6.7 percent compared with a year ago, according to the Standard & Poor’s/Case-Shiller home price index.

“No matter how you look at these data, it is obvious that the current state of the single-family housing market remains grim,” said Robert Shiller, who helped create the index, in a statement Wednesday.


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