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GlobeSt.com: Despite Slight Improvements, Home Prices Remain In Limbo

By Jacqueline Hlavenka. Home prices have tumbled for the sixth consecutive month despite high home affordability and low interest rates.

April 24, 2012

...Gary Painter, an economist with the USC Lusk Center for Real Estate, previously told GlobeSt.com that falling prices are not so much a reflection of market health, but rather the result of banks disposing of distressed assets by offering low prices to cash buyers.

"As these distressed properties are taken off the market, that trend will end," he says, in a statement...

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Link: GlobeSt.com