U.S. Housing Crisis Now Officially Worse Than Great Depression

06/14/2011 08:47 pm ET | Updated Aug 14, 2011
  • Jeff Cox CNBC

It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.

Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began in the late 1920s and culminated in the early 1930s, according to Case-Shiller data.

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