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