The Standard & Poor's/Case-Shiller National Home Price index came out today and it was reported that home prices fell by 19.1 percent in the first quarter.
Be very carefull here! Stablization of prices in the housing market is key in order to for the economy to get back on track to recovery. And at this point, we do not see any stablization here. However, existing home sales report tomorrow and which should give some indication if people are taking advantage of these lower prices.
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