The Tide is Turning
Standard & Poor's reported today that national homes prices fell 3.2% last month. This was the largest year-over-year decline in the 20 year history that they have tracked these prices.
Contrast that to the 7.5% gains reported this time last year and you can see how the market of 2007 is worlds apart from the market of previous years.
Read the full article here: http://www.marketwatch.com/news/story/us-home-prices-fall-record/story.aspx?guid=%7B02A14CEF%2D2941%2D4404%2D8056%2D418DDA9F0330%7D.
In this article they note how the last time home prices fell this dramatically it took them 8 years to return to the previous highs.
Make sure your financing is properly positioned for the new market dynamics of the next several years. Decisions you make today can have major impact on your choices and lifestyle tomorrow.
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