10
Aug
Could Home Prices Fall 20% From Here?
home prices
According the US Housing Market Monthly report by Capital Economics released yesterday, home sales have yet to hit the trough of the recession.
Further, the economics firm states that pending home sales will do little to push home sale numbers higher. In fact, the number of pending home sales is so diminished, down 32% in the wake of the tax credit expiration, that existing sales will only dip in the coming months as these mortgage agreements are finalized. Read more 