A well-respected home price index, the S&P Case Shiller home price index, shows a -3.5% decline in February from a year ago over 20 metropolitan housing markets, S&P said Tuesday.
Home prices are now back to November 2002 levels. It is now down -35% from their 2006 home price bubble peaks.
While there are a few signs that the US housing market is beginning to hit the bottom, housing prices have not stopped declining.
In this kind of environment, if you want to sell your house, it'd be very hard to do so.
However, there is always way to Sell Your House Fast for CASH.
Please visit our main website WeBuyHousesBronx4Cash.com for more details.
Thursday, April 26, 2012
Tuesday, April 3, 2012
Home Prices Seen Dropping 10% in U.S. by the flood of Foreclosures
As many as 1.25 million of America’sForeclosure Homes are headed for auction in 2012 after a year-long probe into foreclosure practices kept them off the market.
Prices for the foreclosed homes could drop as much as 10 percent because they deteriorated as they were held in reserve during investigations by state officials resolved in February, according to RealtyTrac Inc.
Homes stockpiled less than a year sell for about 35 percent below the value set by lenders, according to a March 15 report by the Federal Reserve Bank of Cleveland. At two years, the loss is close to 60 percent. A surge of cheap foreclosures may erode prices in the broader real estate market, even as the economy expands and residential building increases, said Karl Case, one of the creators of the S&P/Case-Shiller home-price index.
In these environment, if you want to sell your house, it'd be very hard to do so.
However, there is always a way to Sell Your House for CASH Fast.
Please visit our main website at WeBuyHousesBronx4Cash.com
Prices for the foreclosed homes could drop as much as 10 percent because they deteriorated as they were held in reserve during investigations by state officials resolved in February, according to RealtyTrac Inc.
Homes stockpiled less than a year sell for about 35 percent below the value set by lenders, according to a March 15 report by the Federal Reserve Bank of Cleveland. At two years, the loss is close to 60 percent. A surge of cheap foreclosures may erode prices in the broader real estate market, even as the economy expands and residential building increases, said Karl Case, one of the creators of the S&P/Case-Shiller home-price index.
In these environment, if you want to sell your house, it'd be very hard to do so.
However, there is always a way to Sell Your House for CASH Fast.
Please visit our main website at WeBuyHousesBronx4Cash.com
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