Homes: Almost 20% cheaper

http://money.cnn.com/2009/05/26/real_estate/CaseShiller_home_prices_Q1/index.htm?postversion=2009052616

This article is about how the home price slide accelerated during the first three months of 2009, according to a report issued Tuesday. The S&P/Case-Shiller National Home Price index, a bellwether of real-estate market direction, plunged a record 19.1% during the quarter compared with the first three months of 2008. That followed an 18.2% drop last quarter. I choose this article because it had to do with us and our money. From what i have read so far i do agree with this article. "Declines in residential real estate continued at a steady pace into March," said David Blitzer, chairman of the Index Committee at Standard & Poor's in a prepared statement. "All 20 metro areas are still showing negative annual rates of change in average home prices with nine of the metro areas having record annual declines." I believe this article has been presented fairly because once again it presented both sides. Yes, i would use CNN.com again they have alot of good stories.