News & videos about the predicted collapse of the United States dollar, as well as the American stock market in 2014.

Monday, February 27, 2012

US Home Prics Decline 2.4% in Fourth Quarter of 2011

Investing in real estate is not the guaranteed winner it used to be. Maybe it never will be again.

U.S. home prices fell 2.4 percent in the fourth quarter from a year earlier, as sales were boosted by investors seeking lower-cost distressed properties. Prices dropped 0.1 percent from the prior three months on a seasonally adjusted basis, the Federal Housing Finance Agency said today in a report from Washington. In December, prices retreated 0.8 percent from a year earlier, while increasing 0.7 percent from the previous month. Foreclosures (FORLTOTL) are boosting the supply of properties on the market and dragging down values for all houses. Banks may seize more than 1 million U.S. homes this year after legal scrutiny of their foreclosure practices slowed actions against delinquent property owners in 2011, RealtyTrac Inc. said last month.

Home Prices Declined 2.4% in Fourth Quarter - Bloomberg

No comments:

Post a Comment

Breaking US Dollar Collapse News

What's Behind the Decline of the US Dollar?

This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011
Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.

Search US Dollar Panic

Loading...