Quote of the day: Is the worst behind us?

“The days of plunging housing prices, you know 20, 30 percent, are very, very far in the rear-view mirror, we’re not going to see that again. There simply has not been enough new construction put in place to constitute such a scenario.”

– Eric Landry, a housing analyst with Morningstar, speaking to WBEZ about 2011 home prices. Clear Capital has forecast a 5.8% drop in Chicago home values this year, according to the report.

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