S&P: Home prices drop by record 15.8 pct. in May NEW YORK - Home prices tumbled by the steepest rate ever in May, according to a closely watched housing index released Tuesday, as the housing slump deepened nationwide. U.S. economy still ticking, just barely The US economy is losing its momentum but is stubbornly refusing to drift into a recession. Snowy storm dazes Northeast A pre-winter blend of snow, sleet and freezing rain cut visibility and iced over highways from the Great Lakes to New England, dumping up to a foot-and-a-half of snow, stranding air and road travelers and causing an airliner to skid off a runway.
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