Real Estate Market News: Home prices down

It's not great news if you are trying to sell a home, but it's wonderful news if you are looking to buy. According to the St Louis Post Dispatch, home prices in St. Louis have fallen again.

"Prices in November were down 4.7 percent from a year earlier, the firm reported today. That followed a 3.8 percent year-over-year decline for October.
Sale prices tend to vary by season, CoreLogic says, so the firm uses year-over-year comparisons to track trends.
The trend looks less negative when distress sales are excluded. Sales prices for non-distressed properties were down 2.3 percent in November and 2.1 percent in October.
Nationally, all home prices were down 4.3 percent in November and 3.7 percent in October."

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