Real Estate Prices to Continue to Fall Until 2008 or 2009
Moody's Economy.com Inc., a research firm in West Chester, PA, released a report in mid-October that said that median house prices are likely to decline more than 10% over the next few years in 20 metro areas, and that the slump won't end quickly. According to the report, prices may keep falling until 2008 or even 2009 in some areas. In all, prices are falling or likely to decline soon in about 100 metro areas. San Diego home listings
[tags] real estate, housing, housing market, San Diego real estate, real estate bubble, California real estate, San Diego home values[/tags]
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2 Comments
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Seems there should have been more government regulation and tighter qualification for subprime mortgages in order to prevent what we’re now facing.
Paul
San Diego California Real Estate Agents
Housing prices and sales will continue to decline. Expect 3 years before the bottom, Commerical real-estate will suffer a steep decline as well.
Timothy
California Bail Bond Services