Thursday, December 27, 2007

Your latest upbeat economic news

Home prices fall for the 10th month in a row AND, the price drops are spreading to broader swaths of the country. The October drop-off was 6.1 percent from a year ago.

Yale economist Robert Schiller says the falloff from the June 2006 peak of the housing bubble is the worst since World War II.

For details of how the housing bust is hitting southwest Florida, pretty much ground zero of the bursting bubble, read here.