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Kim Butler

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX

I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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U.S. home prices fall 5.5 percent

Drop of 5.5% from the first quarter of 2010 to the first quarter of 2011

Home sales prices have fallen 5.5 percent in the 12-month period ending with March 2011, according to Federal Housing Finance Agency data released today. When adjusted for inflation, the drop in home prices equaled 8.1 percent.

The agency measured a 2.5 percent decline in home prices in the first quarter of 2011 from the fourth quarter of 2010.

“House prices in the first quarter declined in most parts of the country,” said Edward J. DeMarco, FHFA acting director. “In many local real estate markets, particularly those hit hard by this cycle, foreclosures and other distressed properties are still a key factor in recorded and anticipated future sales and may be delaying price stability or recovery.”