Slump in Housing Prices Deepens


According to the S&P/ Case-Shiller index home prices have declined nationwide another 1.5% in the third quarter compared with a year ago. Despite the fact that the economy is improving, the large number of homes on the market together with the slowdown in the processing of foreclosures has resulted in buyers holding off on making a commitment. The end result of all this is that those sellers that are motivated to sell will reduce their price.

Read more by clicking below

http://online.wsj.com/article/SB10001424052748704679204575646492385549332.html?mod=WSJ_RealEstate_LEADTopNews


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s