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Featured Advisor



Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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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.”