The residential real estate market is sliding back into a slump. Despite mortgage rates at a historical low point, real estate prices have been going sideways.  Now that the government home buyer tax credit has ended, prices will probably fall a bit more.

The first chart from Calculated Risk shows home prices based on data from CoreLogic, a consulting firm that tracks real estate.

The residential real estate market is sliding back into a slump. Despite mortgage rates at a historical low point, real estate prices have been going sideways.  Now that the government home buyer tax credit has ended, prices will probably fall a bit more.

The first chart from Calculated Risk shows home prices based on data from CoreLogic, a consulting firm that tracks real estate.

Full story is available on Marlet Watch