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There was some reason to take comfort about yesterday’s data from the Case-Shiller Index—the rate of price declines slowed for the third straight month nationally. But before you break out the champagne and check books, get a dose of what the Wall Street Journal had to say yesterday:

The bloodletting may not be over. Here’s why: If price declines accelerate for the mid-to-upper end of the housing market, then that could generate enough large declines in values—even among a small segment of the overall housing market—to push the index lower still.

Meanwhile, here in New York (where there’s plenty of “mid-to-upper” properties) housing prices ticked down another 1.6 percent in April for a total of 21 percent off the June 2008 high, as the chart above shows.


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  1. “Getting last dibs on dibs, fam. (“4 people” – that sh*t was funny.)”

    Life is stranger than fiction! This proves my point that most of the Retards on Brownstoner are posers, not poseur! Fake-ass Neighborhood hijacking Broke sleep 5 in a one bedroom apartment Jackasses!

    Today makes you up for Ghetto Day Trader’s Racial Slur! Thank guys for making it possible!

    The What

    Someday this war is gonna end..

  2. “BHO What’s happening Bruh!”

    Getting last dibs on dibs, fam. (“4 people” – that shit was funny.)

    “some are none (married with kids – Biff comes to mind)” – that was funny too, ken.

    ***Bid half off peak comps***

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