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Housing Crisis Hits Great-Depression Levels

Posted by mortgage 341 days ago (Editorial)
By Jeff Cox, CNBC.com Staff Writer NEW YORK (CNBC) -- It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression. Prices have fallen some 33% since the market began its collapse, greater than the 31% fall that began in the late 1920s and culminated in the early 1930s, according to Case-Shiller data. The news comes as the ...

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