The Decline In US Home Prices & Mortgage Rates

According to Bloomberg.com, the home prices in US had the smallest annual drop in last 10 months. This drop is signaling the free fall of property values. On the other hand, where the mortgage rates are also down, it makes a best opportunity for home buyers to make their dream of own home come true.

The prices declined 5.6 percent in May from a year earlier and rose 0.9 from April. The latest updates according to RealtyTrac Inc., an Irvine, California-based seller of real estate data say that more than 1.5 million properties, one in every 84 U.S. households, received a foreclosure filing, RealtyTrac said in a July 16 report. That was a 15 percent increase from a year earlier.

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