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Chart of the Day
The US real estate market continues to struggle. For some perspective, today's top chart illustrates the US median price (adjusted for inflation) of a single-family home over the past 37 years while today's bottom chart presents the annual percentage change in home prices (also adjusted for inflation). While the 1995 to 2005 rally in home prices was impressive, so to has been the following decline. In fact, the current decline is greater than any since 1970.

Notes:
- Will housing prices drop further? The answer may surprise you. Find out with the exclusive charts of Chart of the Day Plus.



Source - National Association of Realtors
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Quote of the Day
"Shallow men believe in luck. Strong men believe in cause and effect." - Ralph Waldo Emerson

Events of the Day
December 10, 2007 - Nobel Prizes awarded (announced in October)

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