In economic news, prices of existing single-family homes are dropping at near record levels, suggesting the housing slump is far from over. According to one study, prices of homes dropped over six percent between October 2006 and 2007. The biggest declines were in Miami and Tampa, where prices fell over 11 percent. Economist Robert Shiller said this is the biggest drop in housing prices since 1941. The Washington Times reports foreclosures and price drops are now the largest since the Great Depression.