Home Prices are Still Falling?

I know this isn’t the fun news we need to hear but seriously, prices are still falling? I always check out CNBC.com first thing in the morning and see what interesting stories pop up. I always look for real estate related material but I was hoping for something other than news about foreclosures or dropping home price. Either way this is what I found.

They are calling this the worst housing crisis since the great depression. Prices, just last month, dropped 18.7 percent. That was sort of eye popping as that was just a difference from March of last year to March of this year. The article seemed to point part of the blame on home buyers waiting to make a purchase. Their waiting on the market to hit rock bottom isn’t helping the situation.  Obviously no one knows when we are going to start the up swing on home prices but sooner rather than later would be good. I guess we should start a new ad slogan “Buy a home and help stop the foreclosure mess.”

Check out the article here.