The home prices keep falling to eight-year low. The economic does not become better after all. According to the S&P/Case-Shiller national home price index, home prices dropped 3.9% year over year ended September 30, and it dropped 5.8% year over year during the second quarter. However, Detroit and Washington D.C. increase of 3.7% and 1%. Some housing market has improved, but housing market is still look bad over all. After housing market declined for many months, the foreclosures started to climb up again. Hunter said that if foreclosures start flooding the market, the pressure may not be enough to send prices spiraling downward but "it could prevent prices from rising again."
Source: http://money.cnn.com/2011/11/29/real_estate/home_prices/index.htm?iid=HP_LN
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