Home prices among over a dozen metropolitan areas have risen for the third consecutive month, but that can be attributed to a last-minute rush to get in on an expiring homebuyer tax credit, plus low interest rates. Both things are about to go gentle into that good night, meaning declines in home prices are probably headed our way, and that there's "plenty of pain yet to come." The NYT: "Millions of people have lost so much equity that they are locked into their homes for years, a modern variation of the Victorian debtor’s prison that is freezing a large swath of the market." [NYT]
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