TOPWRAP 6-US housing slide worsens; Spain joins recession club

Newswire

* U.S. existing home sales, prices fall at record pace * Britain, New Zealand downturns deepen * Spain sinks into first recession since 1993 (For full crisis coverage, click [nCRISIS]) By Emily Kaiser WASHINGTON, Dec 23 (Reuters) - The U.S. housing market took a sharp turn for the worse while Spain joined a growing list of countries in a recession that shows no sign of abating. Existing U.S. home sales and prices both fell at a record pace last month, according to a report released ...

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