Wednesday, May 23, 2012
Home prices nearing new lows
The Standard & Poor’s/Case-Shiller index shows January home prices in 20 major U.S. cities continued to weaken and approach the recession lows of 2009.
Home prices in January remained barely above lows hit during the worst of the recession, according to an index that tracks prices in America’s biggest cities, and many analysts said they expected values to fall further as the housing downturn plumbs new depths.
Read the original post on L.A. Times – Real Estate News
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