Home Prices Are Steeply Falling
How would you feel if you knew that your house was worth less now than it was eight years ago? If you live in Detroit or one of the other areas that have been the hardest hit by falling home prices, then this scenario could be reality. In truth, home prices fell their steepest rate ever since the Standard & Poor’s/Case-Shiller 20-city index has been keeping track of housing prices. The 10-city index, which has been keeping track of prices for 21 years, also showed the steepest decline in history. Overall, housing prices dropped 15.8 percent when compared to last … Continue reading