Housing Prices: Now Officially Worse Than Great Depression

We spotted this today:

"The prices of single-family homes have dropped to their lowest level since 2009, creating a “double dip” as values fell below where they were when the housing market collapsed, according to a closely watched price index released Tuesday.

The Standard & Poor’s Case-Shiller index shows that single-family home prices fell 4.2 percent nationally in the first quarter from the previous quarter, leading analysts to conclude that prices have fallen by more than they did during the Great Depression."

Statistics Source: Washington Post

We have written about housing price statistics before.