US house prices fall in October, set to tumble further still

posted by
December 28, 2010
Christian Science Monitor    
Posted in News

"House prices fell across the US in October and have dropped roughly 2 percent nationwide since June, according to data released by Standard & Poor's Tuesday. The news sent a sharp reminder that real estate remains a weak spot in the recovering US economy, and that the price declines that began four years ago probably aren't finished. One potential reason for the decline: the impact of a temporary tax credit designed to lure home buyers has faded." (12/28/10)  

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