We might as well cut and paste last month's assessment into this post— we deliver the same damn news every month, anyway. (Or close enough.) Prices of U.S. single-family homes plunged again in May, at a record pace from the previous year; each of 20 regions throughout the country declined for the second month straight. Now don't get your panties in a bunch quite yet— the numbers weren't as bad as expected (0.9 percent from April, 15.8 percent from April '07), and seven regions saw month-over-month increases. Prices are expected to drop through 2009. [Reuters]
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