Prices Still Going Down

It seemed as though the market had stabilized this fall when demand finally shot up as a result of bargain prices and first-time homebuyer tax credits, but it turns out that was not the case.  Resale home prices have continued to plummet while only foreclosure prices seem to be stabilizing.  Check out this article in the Tribune for more information:  Home prices drop for 32nd straight month.  But take it with a grain of salt because home sales are seasonal, and people have already started coming out of the woodwork, looking for a home to purchase this summer.