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Home prices stabilized a year ago because of the home-buyer tax credit of $8,000. Now the government sponsored stimulus expired April 30, 2010 and a sales drop was expected based on the National Association of Realtors. The drop-off wasn’t anticipated to be severe yet sets a brand new low to the organization since it began recording in 1999.
Standard & Poor/Case-Shiller’s latest housing index recorded a Dallas-Fort Worth home dropped 5 percent from last year – up slightly from recently, however. According to the index, prices fell 18.1 % across 20 other U.S. metropolitan markets surveyed. It, however, notes how the rate of nationwide home price decline has actually improved because of this year’s earlier record dips.
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