House Prices Sink To Lowest Level Since 2002

House prices are dropping like game-winning Derrick Williams and-ones, reportedly now sinking in February to an average of $156,100, the lowest point since 2002.

The Telegraph relays a National Association of Realtors report that says the prices keep falling because of the excess supply created during the hyperactive construction of the housing boom. Home construction has now hit a record low.

The good news for prospective buyers is that the longer they wait, the better deals they’ll find. If you’re looking for a house, what steals have you manged to scope out?

US house prices tumble to lowest in almost a decade [The Telegraph]

Previously: U.S. Homes Now At Pre-Bubble Affordability Level