When the housing bubble burst, many homes went into foreclosure — further depressing prices.
May 31, 2011 There's confirmation now that the housing market has taken a "double dip" and that prices are down to mid-2002 levels, the widely watched S&P/Case-Shiller report says.
Signs of the times: in Miami on Feb. 11.
Joe Raedle/Getty Images
April 26, 2011 "There is very little, if any, good news about housing," says David M. Blitzer, who oversees the widely watched S&P/Case-Shiller Home Price Indices report.
March 29, 2011 "The housing market recession is not yet over," says Standard & Poor's economist David Blitzer.
A home for sale in Jackson, Miss., earlier this month.
Rogelio V. Solis/AP
December 28, 2010 Home prices decreased 1.3 percent across the nation's 20 major cities in October from September, according to the S&P/Case-Shiller Home Price Indices. Prices were down 0.8 percent from a year earlier.
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