Bank Of Baku

Home prices fell to 500 dollars

Home prices fell to 500 dollars
# 09 January 2009 08:43 (UTC +04:00)
Washington –APA. Real estate prices are at the lowest notch as a result of financial crisis in the world. Home prices in the United States significantly went down in value, even to 500 dollars, APA reports. US banks are forced to put homes, confiscated for not paying of mortgage credits, on sale for almost nothing. The old and needed in repair homes in USA are sold now beginning from 500 dollars. Local newspapers said the banks turned into the sale centers because of huge number of homes on sale.
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