More Dismal News for Florida's Battered Real-Estate Market

Submitted by Anonymous on May 31, 2011 - 11:23am

Countering earlier forecasts of a housing recovery, the closely watched S&P/Case-Shiller price index took another tumble Tuesday.

The index fell 4.2 percent from the first quarter, and wasdown 5.1 percent compared to its year-ago level. It was the eighth straight monthly decline, and the numbers were, again, particularly bleak for Florida.

Full story to follow.

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