Christopher Caldwell, Weekly Standard
Hot Topics: To forward this article to a friend, please fill out the form below:* Required Fields* Required FieldsGet alerts when there is a new article that might interest you.There was supposed to be some good news amidst the dismal report card the U.S. real estate market got last week. On average, houses have lost a third of their value since their peak in 2006. Blighted Detroit has seen home prices fall to half their old level, and overbuilt Las Vegas is off by 60 percent. Standard & Poor's Case-Shiller index showed that home prices are falling again, at their fastest rate…
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