Home-price index at lowest since 2006

Tuesday, May 31, 2011 | 9:44 a.m. CDT; updated 11:02 a.m. CDT, Thursday, June 16, 2011

WASHINGTON — Home prices in major areas have reached their lowest level since the housing bubble burst in 2006, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy.

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