House prices show first annual fall in 11 years

More bad news for people trying to sell their homes and more good news for people looking to buy homes. There is always two sides to a story…

The pace of existing home sales in the United States fell for a fifth straight month in August and prices dropped from year-ago levels for the first time in more than 10 years, a realtors group said on Monday.

The National Association of Realtors said existing homes sales slipped to an annual rate of 6.30 million units from a 6.33 million unit pace in July.

House prices show first annual fall in 11 years – Yahoo! News

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