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

Housing Prices

First Posted: 06/14/11 09:47 PM ET Updated: 08/14/11 06:12 AM ET

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.

Read the whole story: CNBC

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Filed by Maxwell Strachan  |