Home Prices Keep Falling

If you’ve been waiting out the seemingly endless rise in home prices the recent declines may bring a smile to your face. For everyone else, it’s just more bad news from the housing sector. A recent report listing a home price index has noted that home prices have fallen an average of 4.5% this year. This drop has been the biggest quarter-to-quarter fall in prices in the last 20 years that the index has been covered.

Unlike previous quarters, this last one has seen prices decline in all 20 cities that are covered in the index. The largest declines were seen in cities that had some of the biggest gains during the boom years.