Home prices in March fell for the eighth consecutive month and reached a new low for this housing recession, according to a new reading on the Standard & Poor's/Case-Shiller house price index.

The housing bust officially began in 2006 and according to David Blitzer, chairman of S&P's index committee, prices may keep sliding until mid-2012. Tuesday morning Blitzer noted that there is a growing concern whether “people even want to own houses anymore.”

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