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Tuesday, January 18, 2011

Home Prices Continue Nationwide Decline

According to the data firms report for November, single family homes values fell for the fourth consecutive month. nationwide, home prices were 5.07% below their year ago levels, worse than the previous report, in which prices were down just 3.35%.

However, the housing market may get a boost in the coming months from an improved job market. according to the department of labor, the unemployment rate fell to 9.4% during December.

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