
Home Prices Continue to Fall
June 1, 2011
Author: Support Services, e-PRO
Home prices across the nations major metro areas has fallen to the lowest level seen in over 5 years!
According to the Standard & Poor's/Case-Shiller 20-city index, home prices fell in 18 of the metro areas from February to March of this year, they only rose in Seattle and Washington, D.C.
A dozen cities in the U.S. are at their lowest levels seen since the housing crisis began. These metro areas are: Atlanta, Charlotte, Chicago, Cleveland, Detroit, Las Vegas, Miami, Minneapolis, New York, Phoenix, Portland and Tampa.
The huge amount of foreclosures in the market is the main factor for keeping home prices down and they are expected to continue to fall throughout 2011.
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