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Case-Shiller Home Price Index: Prices falling quickly in bubble markets

4-29-08 • Calculatedrisk.blogspot.com

Now that prices are falling, if Case-Shiller is a more accurate reflection of actual prices than OFHEO (as I believe), then the Fed might be underestimating the drag on consumer spending from falling prices.

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Case-Shiller Home Price Index: Prices falling quickly in bubble markets

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