Home prices have been slashed- the Facts for Today’s Buyers by 10% to 30% and the headlines in the media have sure come as a welcome gesture from the builders and housing finance companies. With home loan rates going on increasing and with so many houses left unsold there is a lot of money involved here. Builders did not have much choice and the sluggish home market since the past few years and the downfall in the sales of new houses has somehow brought a welcome change in the rates of property. With market data pointing towards much lesser percentage of first home buyers and genuine home buyers and a large percentage of people buying for investment it was understood that the home selling market was at a stand still. There was no hurry from the buyers side as they had time to wait for purchasing property for investment purposes. I still do not understand this move is a genuine one or not. With the reputation of the builders and the home loan lenders from the past it may still be do