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Tuesday, May 27, 2008

Record drop in home prices

Ouch:

Prices of U.S. single-family homes plunged a record 14.1 percent in the first quarter from a year earlier, marking a pace five times faster than the last housing recession, according to the Standard & Poor's/Case Shiller national home price index reported on Tuesday.
This is what the Bush economy gave us. Imagine four more years under McCain, who already admitted he doesn't know all that much about economic issues.

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