U.S. home prices fell 18.7 percent

U.S. home prices fell 18.7 percent on year in March - Prices of U.S. single-family homes in March fell 18.7 percent from a year earlier, while prices in the first quarter dropped at a record pace, according to the Standard & Poor's/Case-Shiller Home Price Indices released on Tuesday. On a month-over-month basis, the index of 20 metropolitan areas fell 2.2 percent in March from February, S&P said in a statement. Price drops on both a month-over-month and year-over-year basis were worse than expectations based on a Reuters survey of economists.

The composite index of 10 metropolitan areas declined 2.1 percent in March from February for a 18.6 percent year-over-year drop. Declines in residential real estate continued at a steady pace into March.

For many potential interested people to invest in Mexico another reason to reconsider. And many do so!! In conjunction with the economic report and the blow the Mexican economy will have to stand down the road - Swin Flu and other media boosted negative news and what their impact will be are not even considered in mid-term at the economic outlook. In addition is the prediction by many recommended international economists at the most "murky" and a long time away. maybe some of the so called "Baja Economic Specialists" should orientate their predictions little bit at "real" marketing- and economic advisers.

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