• Case Shiller Composite Ten passes 30% decline from peak
  • 19% YoY decline in Composite 20, a 29% decline from the peak
  • Phoenix inches toward 50% decline from peak, at 49%
  • NY YoY decline hits 10%, with a 16% decline from the peak 

At this point it doesn’t look great for the near term…[but prices] can’t keep declining at this rate forever.

Robert Shiller: Bloomberg Radio

There are very few bright spots that one can see in the data. Most of the nation appears to remain on a downward path.

David Blitzer, chairman of the index committee at S&P

Resumption of growth should not be too far off. Once under way, the pace of expansion is likely to be subdued for some time.

—Minneapolis Fed President Gary Stern, March 26