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Home Prices Plunge; Investors in Denial

Stock quotes in this article: LEN , PHM , KBH , TOL , MDC , CTX  

The housing market is really stretching for some good news.

Home prices plunged 18.1% in April compared with the same month in the prior year, but shares of home builders were relatively stable during morning trading, as investors clung to the only bright spot: April is the third straight month that the decline did not set a record.

Talk about setting the bar at ankle-height. ...

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