U.S. consumers most pessimistic since Nixon was president.

By ThinkProgress on Mar 25, 2008 at 8:40 pm

The latest S&P/Case-Shiller home price index finds that U.S. consumers “are more nervous about the future than at any time since December 1973, when Richard Nixon was President.” The survey also found that home prices in 20 U.S. metropolitan areas “fell 10.7 percent in January,” the sharpest decline since 1987.

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