For Immediate Release

Chicago, IL - July 1, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Freddie Mac (FRE), MGIC (MTG), Bank of America (BAC), Nanosphere Inc. (NSPH) and Lear Corporation (LEA).

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Here are highlights from Tuesday's Analyst Blog:

Housing Prices Still Falling

The April Case/Schiller Index shows that the decline in housing prices is not over yet. The best that can be said is that the rate of decline is slowing.

As the Freddie Mac (FRE) presentation pointed out yesterday (see

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The April Case/Schiller Index shows that the decline in housing prices is not over yet. The best that can be said is that the rate of decline is slowing. On a seasonally adjusted basis, the 10-city composite index fell to 151.27, a decline of almost 1.0% from March. On an annualized basis, this is an 11.6% rate of decline. On a year-over-year basis prices are down 18.0%, so the rate of decline was lower in April than earlier in the year, but prices falling at an 11.6% rate hardly seems like a green shoot to me. The data on the 20-city composite was very similar with a 0.9% monthly decline and a 18.1% year-over-year drop. From the May 2006 peak housing prices are down 33.1% based on the 10-city index and off 32.0% based on the

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