Categorized | Economy

US Housing Slump


This wont probably shock many but U.S. home prices tumbled in April at a record rate.

The fallign prices in April were at their fastest rate since a widely followed index was begun in 2000 with all 20 metropolitan areas surveyed posting annual declines for the first time.

The Standard & Poor’s/Case-Shiller home price index of 20 cities fell by 15.3 percent in April versus a year ago. Prices nationwide are at levels not seen since August 2004.

If you have the money to buy and you have been waiting to get that dream house, now is the time to go house hunting. You wont find a better bargain. You might want to stick out a bit longer but there is no harm in studying the market more pro actively right now for bargains.

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