Housing in the U.S. slipped back in February to the lowest level of the downturn showing Real Estate for 20 metropolitan areas are still in trouble.

The price of U.S. homes is also falling despite low-interest rates and purchasers are not buying even though the homes have dropped by 33 per cent from the peaks.

A Toronto group has said prices would drop in the U.S. an average of 5 per cent this year.

The Federal Housing Finance Agency’s index describe purchase prices of homes declining at a faster rate than normal.

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