Tuesday, January 27, 2009

Scout Out Home Deals

For prospective home buyers, it's hard to ignore the sales pitch: Home values nationwide have fallen on average some 20%, while mortgage rates recently plumbed record lows below 5%.

According to the latest Standard & Poor's/Case-Shiller Home Price Indices, prices for existing single-family homes were down 23% from their 2006 peak in 20 cities as of October.

Read entire article here:Wall Street Journal Online.

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