Investor's Business Daily - U.S. home prices declined 1.4% in Q1 compared with Q1 '06, the first year-over-year drop since 1991, according to the S&P/Case-Shiller index. It could take years for housing prices to rebound, said David Seiders, chief economist for the National Association of Home Builders. He predicted that new-home construction won't return to last year's level for at least 4 years.
Source: http://rss.news.yahoo.com
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