Halfway Through the House-Price Bust?

America may well be only halfway through the house-price bust; so says this week’s Economist:Mr Bernanke’s maps use figures from the Office of Federal Housing Enterprise Oversight (OFHEO). Its statistics have broad geographic reach and track repeat sales of the same house. The monthly national index suggests average prices have fallen only 3% from a peak in April 2007, and the quarterly figures are still positive (see left-hand chart).
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  10 May, 2008| Economy | @ 11:05

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