For more information on what the Case Shiller Price Index is and why it may be an important measure, check out this old post.
The Case-Shiller Price Index (an adjustment to CPI) turned severly negative year over year, down 4% from November 2007 as home prices, a global slowdown, and the reversal in energy prices severely impacted price levels.
Update (jvanginneken comments):
Jake, it's a very interesting graph, I think it would be interesting to also see a graph of the difference.
Jake, it's a very interesting graph, I think it would be interesting to also see a graph of the difference.
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