U.S. real estate hits worst price decline since WWII

The previous low since the peak was in October, when the index was at $229,300.

The decline is the worst since a 33% drop between December 1939 and December 1945.

“Clearly residential real estate prices nationwide continue to be weak, and I doubt there will be sustained U.S. economic recovery without a rebound in housing values,” said Ken Winans, president of Winans International Investment Management and Research.

The Winans index is the only one to measure U.S. home prices from 1830 to the present, and does not post prices on a two-month lag, as many others do.

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