Home Prices and Consumer Sentiment Slide

Home prices across the country continued to fall in January at record rates while one measure of consumer confidence reached a five-year low.

The value of single-family homes plummeted 10.7 percent in January compared with a year earlier, as measured by the Case-Shiller index, a closely watched survey of 20 major metropolitan regions.

It was the steepest year-over-year decline since the index began eight years ago, and economists said the slump was probably worse than at the height of the last housing recession in the early 1990s.

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http://www.nytimes.com/2008/03/25/business/25cnd-econ.html?em&ex=1206676800&en=7ae30ba6225d08ef&ei=5087%0A