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    • HOME PRICES AT AN ALL TIME LOW!

    Written by Brook Reilly. May 5, 2011.

    [caption id="attachment_681" align="alignleft" width="390" caption="Housing prices at an all time low"]House For Sale[/caption]

    "The Atlantic" is a very clever, witty and smart blog that discusses everything from politics to technology to entertainment. One of their most recent posts discusses how home prices are at an all time low. Check out this great piece written by Daniel Indiviglio:

    National home prices are officially on the hunt for a new bottom. After beginning to decline again this summer, once the home buyer credit expired, home prices hit a new post-bubble low in April, according to housing industry consulting firm Clear Capital. It reports that national home prices now sit 0.7% below their March 2009 low. Over the past nine months, they're down 11.5%.

    Here's the chart from Clear Capital showing the descent of national home prices:

    via The Double Dip's Official: Home Prices Fall to New Low - Daniel Indiviglio - Business - The Atlantic.

    Photo via Venturacountyrealestatetalk

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