Home-price index falls to lowest point since 2002

By DEREK KRAVITZ, AP Real Estate Writer Derek Kravitz, Ap Real Estate Writer

WASHINGTON – An index of home prices in big metro areas has reached its lowest level since 2002, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy.
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Comment: Next time you invest, better consult your Austrian economist.