Housing: Best time to buy in four years
Home values have declined across the country, giving homebuyers the best buys they've had since 2004.
By Les Christie, CNNMoney.com staff writer
Last Updated: March 5, 2008: 10:40 PM EST
NEW YORK (CNNMoney.com) -- It may be the best time to buy a house in more than four years.
Home prices have dropped so quickly and so far that valuations - the difference between what a home should cost and its actual price - are the lowest they've been since 2004, according to a report.
The Cleveland-based bank National City Corp. (NCC, Fortune 500), together with financial analysis firm Global Insight, revealed Tuesday that more than 88% of the 330 housing markets surveyed showed price declines and improved affordability during the last three months of 2007.
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Friday, March 07, 2008
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