The purchase price of U.S. homes fell 4.3 percent in the fourth quarter froma year earlier, as values declined across the country, according to Freddie Mac.
Frank Nothaft, Freddie Mac chief economist, said Monday that low mortgage rates and the fact that foreclosed-property and short sales remain a big part of the market, helped push “homebuyer affordability to levels not seen in decades in most places.” Get the full story »
