Monthly Archives: May 2011
Foreclosures are crushing home prices, but mortgage rates remain low
Home prices have continued to drop during the first quarter of 2011, dropping 4.6% from a year earlier according toCNNMoney.com and the National Association of Realtors. Condo prices fell ever harder by a rate of 10.4%. The main cause for this decline is the sale of foreclosed properties, which accounted for 29% of the market –... Read More