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NEW YORK (Reuters) - Prices of existing U.S. single-family homes in the third quarter slumped 4.5 percent from a year earlier, matching a record decline from the previous period as the housing downturn deepened, according to a national home price index on Tuesday.
On the teleconference, titled "Current & Future State of U.S. Housing Market," Shiller said he is not able to predict the bottom for the U.S. housing market at this point of time.