The long predicted and much anticipated double-dip in housing prices appears to have come to fruition according to data released by S&P/Case-Shiller. Prices on single-family homes in March dropped to levels not seen since March 2003 in the United States, and below the previous post housing bust low recorded in April 2009. The March figure represents a drop of 3.6% versus last year’s home prices.

Several years ago the most astute observers of the real estate market saw a major trend developing - foreclosures would dramatically alter the balance of the residential property landscape. A couple of years ago their predictions became a reality for millions of American home owners. This has created a tremendous buying opportunity for investors and home owners alike.