Your Tuesday Economic Lesson

It’s pretty simple: this is not good news for homeowners. More and more of us are going to find outselves upside-down with our loans.

Home prices continue sharp descent

Single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982. The median sales price fell to $196,300, down 4.8% compared with the last [...]