Ugly

By Reuters Staff
January 27, 2009

The Case-Shiller data for November:

The Composite 20 Index (a composite index for the 20 cities listed above) has fallen 25% since the peak back in 2006.  It was down 18.2% versus November ’07 and off 2.2% compared to October.  CR has some nifty charts slicing/dicing this data that are worth checking out.

Deflation in action folks.  Bad news for home-owners, but good news for prospective home-buyers.

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