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IPFS News Link • Economy - Economics USA

Shiller: House Price Decline Could Be Worse Than Great Depression

9-5-08 • BigPicture.typepad.com

Home price declines are already approaching those in the Great Depression, when they plunged 30% during the 1930s. With prices already down almost 20%, it's not a stretch to think we might exceed that drop this time around.

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