The news on the housing front is just awful - no other word for it. If the economy is going to turn around then the housing market is going to have to stabilize. And judging from stats published yesterday, we are a long way from any kind of recovery.David Dickson of the Washington Times has the grim news:Home prices continued to plunge across the nation in March, and record foreclosure filings in April amid a huge overhang in housing inventory mean that home prices will continue their descent, analysts said Tuesday. The S&P/Case-Shiller 20-city home-price index plunged 18.7 percent in March from a year ago. A separate S&P/Case-Shiller national home-price index sustained a 19.1 percent decline through the first quarter compared with the first quarter of 2008, the biggest descent in its 21-year history. Nationally, home prices have fallen 32.2 percent from their peak level in the second quarter of 2006. Home prices in the D.C. area were down 18.4 percent over the past 12 months...(Read Full Post)