Housing Turmoil Draws Depression-Era Comparison

"A new study by Case-Shiller reveals that home prices have fallen 33% since the beginning of the recession and the collapse of the housing market , climbing past the 31% drop seen during the height of the Great Depression. This number was calculated after a further drop after the first quarter that shows housing prices taking a double dip, with no one buying despite affordability. Meanwhile, the Federal Reserve is holding steady on interest rates and unemployment remains at a 9.1% high."