10/16/2008

Home prices across most of the country are likely to continue falling through the end of 2009, economists said, and in some markets may keep falling even longer, depending on how bad the slowdown gets. In the hardest-hit states such as Arizona, California and Florida, the story is the same: More houses are going up for sale while escalating interest rates on mortgages, falling wages and rising unemployment are putting pressure on an already-diminished pool of possible buyers.

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NYTimes.com

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