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Chart of the Day
For some perspective into the all-important US real estate market, today's chart illustrates the US median price of a single-family home over the past 38 years. Thanks, in part, to low long-term interest rates, the trend from 1991 to 2005 was impressive. Not only did housing prices increase at a rapid rate, the rate at which housing prices increased Ė increased. That brings us to today's chart which illustrates how housing prices have dropped well below their accelerated upward trend and 29% from the 2005 peak. It is worth noting that housing prices are currently decreasing at a rapid rate. In fact, the rate at which housing prices have been decreasing has been increasing.

Notes:
- Where's the market headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.

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Quote of the Day
"It ainít over till itís over." - Yogi Berra

Events of the Day
December 25, 2008 - Christmas Day
December 26, 2008 - Kwanzaa (1st day)
January 01, 2009 - New Year's Day - Rose Bowl - Orange Bowl
January 02, 2009 - Sugar Bowl
January 05, 2009 - Fiesta Bowl
January 06, 2009 - US Congress convenes


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