Home Prices Almost at 2002 Levels

CNNMoney this week reports that the January housing market started the year at a new low, the 5th consecutive month falling since it's peak last fall.

The article is quoted as saying "The average home sold in that month lost 0.8% of its value, compared with a month earlier, and prices were down 3.8% from 12 months earlier, according to the S&P/Case-Shiller home price index of 20 major markets. Home prices have fallen a whopping 34.4% from the peak set in July 2006."

Read the entire article at: http://money.cnn.com/2012/03/27/real_estate/home-prices/index.htm?hpt=hp_t1

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