Get ready for a lot of BS
Realtors, naive biz journalists, and others are sure to try and spin this as the bottom in home prices. It's not. Not even close. We're still heading downhill at nearly 20% year over year. Cut that rate in half (we haven't) and you're still talking major equity losses for buyers now.
If you're buying a home now, you need to figure this into your bid. What should you offer? See this chart.
Full release here.