The drop in home values caused by the mortgage crisis has resulted in one positive outcome: Prices have fallen so far that home affordability is back to pre-housing-boom levels, reports Moody’s Analytics. But a quarter of households with a mortgage are underwater on their loan.
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U.S. Home Prices Fall to Pre-Bubble Levels originally appeared on DailyFinance on Wed, 09 Feb 2011 08:22:00.
Filed Under: Economy, Real Estate