| House prices plummet while mortgage rates hit rock bottom lows. Yet buyers still sit on the sidelines, as recent pending home sales data show. We could be witnessing a historic shift in how Americans view homeownership.
The numbers from the S&P/Case-Shiller Home Price Indices show that home prices have entered a downward spiral whose end appears nowhere in sight. This seemingly endless slide has begun to affect the thinking of Americans who might otherwise be bargain-hunting for homes..............................................Full Article: Source
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