| RealtyPartner reports that home values fell at the most rapid pace since the 2008 real estate recession began. In the first quarter of 2011, they say the Home Value Index plummeted a record 3 percent during three short months.
Originally, they had predicted a bottoming of the housing values by the end of 2011, but with values dropping 1 percent a month, chief economist Stan Humphries says they are now anticipating continued decline in real estate values until 2012 at the earliest. Worse yet, by the end of the first quarter this year, nearly a third of Americans will be delinquent on their mortgage payments. (Press Release)
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