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April 1st, 2012 
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US home prices fall to 2002 levels
CNNMoney – The housing market started the new year with a thud. Home prices dropped for the fifth consecutive month in January, reaching their lowest point since the end of 2002. The average home sold in that month lost 0.8% of its value, compared with a month earlier, and prices were down 3.8% from 12 months earlier, according to the SP/Case-Shiller home price index of 20 major markets. Home prices have fallen a whopping 34.4% from the peak set in July 2006. Read Article
Tags: 2nd Great Depression, debt wealth, financial system, North America
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