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Index Predicts 7.1% Home Price Decline

Despite gains in the national average, home prices fell in 70% of metro areas.
Much of the sustained activity in the first half of the year was due to the first-time home-buyer tax credit that expired in June. Since then, home sales activity has plummeted.
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Real Estate at a Crossroads?

Property values in many markets haven't bounced back, but some CUs see increasing mortgage demand.
CUs are continuing with strong underwriting standards while helping members as much as possible to stay in their homes.
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