As reported today home prices dropped 6.7 % in October for the 10th time in as many months. That's the largest drop since the beginning of '91.
They said that Miami led the list lower with a 12% drop. I don't know what the figures are for Orlando, Fl.
It doesn't look too rosey out there, no matter how some may want to paint the picture. It will probably be another year until we see any significant change in this market.
But as prices drop I think more and more buyers may come out of hiding and start to rekindle buying/selling activity. There are already many investors probing foreclosures.
It's got to get better sooner or later. just hold on and we'll make it through!
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