Spanish housing prices slid at an annualized rate of 11.2% in Q4 (7.4% previous), a faster...

|By:, SA News Editor

Spanish housing prices slid at an annualized rate of 11.2% in Q4 (7.4% previous), a faster decline than even in the midst of the financial crisis. This is a similar pattern to the U.S., where government efforts to repeal the law of gravity prop things up for a bit, but ultimately fail.