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February 29, 2012

Housing prices fell in December, continue to hurt economic recovery

“The nation’s home prices have fallen to their lowest level since 2002, according to a private report, casting a troubling shadow over what has otherwise been a brightening economic recovery.”

“Although analysts have been nervously eyeing rising oil prices and Europe’s struggling economy, Tuesday’s S&P/Case-Shiller index of property values report offered a sobering reminder that the still-shaky housing market remains one of the most potent threats to a robust recovery.”

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