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9 Smart Home-Buying Tips

May 17, 2011 - CBS 2 News at 5AM

We're about to learn more about the nation's housing market this week, and a number of reports are likely to show that the real estate market has yet to recover across the nation.

CBS MoneyWatch's Jill Schlesinger reports the real estate firm Zillow says house prices across the nation fell 3 percent in the first quarter of the year and were down 1 percent in March from February, the 57th consecutive monthly drop. The median house price is now $169,600, down 8.2 percent from a year ago and off nearly 30 percent from the top of the market in 2006.

In the wake of this news, MoneyWatch has nine smart home-buying tips. Click here to learn more.

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