2 weeks ago, the Case-Shiller Index affirmed the "Double Dip" in US home prices. Now Clear Capital has confirmed price drops, and prices are now lower than the 2009 trough, the middle of the Great Recession. CNBC has details:
Sales of bank-owned (REO) properties hit 34.5 percent of the market.
This resuled in a national price drop of 4.9 percent quarterly.
5 percent drop year-over-year.
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