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'Cause This Is Shiller, Shiller Night

For the eighth consecutive month, the Case-Shiller Home Price Index recorded a drop in March, of 0.8 percent from February. That brings prices down a total of 33.1 percent from the summer '06 peak. Many economists say they expect the market to keep "muddling along" until price declines level off later this year or in 2012. When it comes to Case-Shiller, the standard disclaimers apply: new developments, co-ops, and condos aren't tracked. [NYT]