Home prices slip in March
The latest monthly house price index shows that prices fell a quarter of a percent since February, which puts them about 6 percent lower than a year ago
Today, the Federal Housing Finance Agency (FHFA) released the latest results of their monthly house price index (HPI) showing that, nationally, home prices declined 0.26% since February dropping 5.85% below the level seen in March 2010.
Clearly, we are well into the second leg double-dip of this housing collapse as home sales and homebuying sentiment continue to deteriorate with prices closely following behind.
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