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Home Prices Ended Year on New Low

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There is no turn-around in the home prices arena according to the S&P Case-Shiller December report. All three composite indexes ended the year at new lows since the housing crisis began in mid-2006. The national composite index fell 3.8% in the 4th quarter and was down 4% compared to a year ago. Both 10- and 20-city composites dropped 1.1% in December compared to November. The 10-year composite...

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