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Biggest Asset Down
It had long been true in this Country that one’s house (or home if you like) was one’s largest asset, and it could be counted on to hold its value or, in most cases, increase in value. All that is changing. Area home prices fell 2.8 percent in January from a year ago, marking the seventh consecutive month that local prices are down. . .Home prices dropped in 18 of the nation’s 20 largest metropolitan areas, the index said. Washington D.C. saw a 3.6 percent growth and San Diego squeaked out a 0.1 percent increase. Sandra Baker, Star-Telegram.com I can understand why D. C. is experiencing growth – that’s where most…