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Home Prices 'Drifted Lower' In Recent Months

Home prices across the U.S. are still only "back to their first quarter of 2003 levels" and "drifted lower in September and the third quarter," according to the widely watched S&P/Case-Shiller Home Price Indices, which were just released.

As The Associated Press says, the news is "the latest evidence that the troubled housing market won't recover any time soon."

According to a statement from economist David Blitzer, who chairs the Index Committee at S&P Indices:

"The National Index was down 3.9% versus the third quarter of 2010 and up only 0.1% from the previous quarter. Three cities posted new index lows in September 2011 — Atlanta, Las Vegas and Phoenix. Seventeen of the 20 cities and both Composites were down for the month. Over the last year, home prices in most cities drifted lower. The plunging collapse of prices seen in 2007-2009 seems to be behind us. [But] any chance for a sustained recovery will probably need a stronger economy."

Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.

NPR

'We're Mostly Republicans': New Hampshire Voters Explained By 'Our Town'

After NPR's Bob Mondello used The Music Man to help explain the Iowa caucuses, he wished there was a musical of Our Town so he could do the same for New Hampshire. It turns out there is one.
NPR

Gulf Of Mexico Open For Fish-Farming Business

For the first time, companies can apply to set up fish farms in U.S. federal waters. The government says the move will help reduce American dependence on foreign seafood and improve security.
NPR

5 Things To Know About President Obama's Budget

This is Obama's last chance to give Congress his full policy wish list in budget form.
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Blocked: Twitter's Role In Combating Violent Extremism

Over the course of seven months, Twitter has suspended over 125,000 accounts for threatening or promoting terrorist acts.

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