According to the Associated Press, there are some discouraging facts recently posted:
* Home prices tumbled by the worst annual rate on record in the fourth quarter
* Almost 14 million homeowners are already under water, according to Moody’s Economy.com (where they owe more than the home is worth)
* Confidence index sank to new lows in February as widespread layoffs, shrinking retirement accounts and plunging home prices fueled fears as stated by the
* The Standard & Poor’s/Case-Shiller U.S. National Home Price Index plunged more than 18 percent during the quarter from the prior-year period, the largest drop in its 21-year history
