House rates fall below expectations

In the last 20 years the lowest property rates was seen by the consumers as the single family house rate fell by 4.5 percent in the country. The fluctuating market has been a matter of concern for the customers but this was the most unexpected fall in the home rates.

In 20 major metropolitan cities the reports showed that the home rate went down to 4.95 % in September as compared to the last year’s home rate.

The survey was conducted by S.& P./Case-Shiller which is closely examined by the stock market investors and it showed a desolate state of home rate. Last time the rates went down in 1990-91 recessions.