Home prices in twenty measured American cities fell 4.5% in May compared to the prices in May 2010, Bloomberg reports. It’s the biggest year-on-year decline in 18 months, demonstrating once again at the housing market continues to struggle.

Furthermore, imminent foreclosures and uneven demand are expected to keep prices from rising at all in 2011. The result will be the discouragement of new-home construction and the repressing of the construction sector.

Obama Isn't Working