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Latest Case-Schiller Report Shows the Sky is Falling

Home prices are way down in the Tampa Bay , FL area. For example a 2500 sq ft home in a gated golf course community on a lake sold new in 2005 for $650,000. Today it is priced at $425,000. My town home in St Petersburg has been on the market since Feb. 2006. Originally listed at $299,900 and currently listed at $239,900. All the national home buildings in this area are continually cutting prices. Shiller gets it right.