Housing collapse now deeper than Great Depression’s

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House prices have fallen further in the past five years than they did in the Great Depression – and there’s no sign the free fall is about to stop.

The Case-Shiller index of U.S. national house prices fell again in the first quarter, S&P reported Tuesday.

The index is off 33% since it peaked in 2006. The peak-to-trough decline during the Great Depression, by contrast, was 31%, says Paul Dales of Capital Economics in Toronto.

Full story: How housing could rebound — in 2025 – Fortune