U.S. Housing Slump May Exceed Great Depression

(See recent posts on Phoenix Case-Shiller Home Price Index.)

From the Wall Street Journal;

“Yale University economist Robert Shiller, pioneer of Standard & Poor’s/Case-Shiller home-price index, said there’s a good chance housing prices will fall further than the 30% drop in the historic depression of the 1930s. Home prices nationwide already have dropped 15% since their peak in 2006, he said.”