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Morning Mortgage Meltdown: Prices Down, Sales Up

Standard, Meet Poor. Case, Meet Shiller: Standard & Poor's/Case-Shiller index— who is naming these things, anyway?— reports that U.S. housing prices tanked at the sharpest rate in two decades, down 14.1 percent in the first quarter. New home sales climbed up a couple of notches, however: 3.3 percent in April, though sales are still near their lowest level in 17 years. Half full? Half empty? Both. [USA Today]