Home Prices Fall
WASHINGTON, D.C. – Existing-home sales in most states were down from year-ago levels in the fourth quarter, prices in many areas corrected as a result of sellers’ willingness to negotiate, according to the latest quarterly surveys by the National Association of Realtors®.
In the fourth-quarter, metro area single-family home prices, examining changes in 149 metropolitan statistical areas, show 71 areas had price gains from a year earlier, including 14 metros with double-digit annual increases, and 73 areas had price declines; five were unchanged.
The biggest total sales increase was in Indiana, where existing-home sales rose 13.7 percent from the fourth quarter of 2005. In Arkansas the fourth-quarter resale pace rose 11.1 percent from a year earlier, while Texas experienced the third strongest gain, up 6.2 percent.[tags]real estate,home values,real estate bubble,housing bubble[/tags] San Diego real estate agent
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Many neighborhoods of San Diego are already down double digits! I think we could see average 20% value drops by year’s end.
San Diego dentist
This is just the start! Things should hit the fan in a few more months.
California lawyers
I think people’s expectations of multiple digit appreciation each year in real estate is now proven to be a total fallacy.
Nathan
Zit Treatmtents