" U.S. housing prices, as we know, continued a nationwide decline in December. In a report released Tuesday, Integrated Asset Services, LLC, a provider of default management and residential collateral valuations, revealed just how far they fell. December’s decline of 1.1 percent was actually less severe than November’s 1.7 percent decline, but consistent month-over-month price drops brought the full-year 2008 decline to 13.8 percent. And since the market’s peak at the end of 2006 through December, housing prices fell 19.1 percent."

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