trends: States with Home Prices Above Trend Levels and Other States Were They Are In Balance - 03/31/11 06:52 AM
Home prices have fallen below fundamental values in more than half of U.S. states, overcorrecting from bubbles in some markets and dragged down by the recession in others.
According to the PMI Group monthly analysis,  States where house prices are too low, although they had no bubble Indiana  is a good illustration of a surprising pattern seen for areas where prices tracked incomes quite closely even during the housing bubble, but then still got hit by declining house prices as a result of the Great Recession. Other states with similar patterns include Arkansas, Kentucky, Kansas, Iowa, Mississippi, Nebraska, Ohio, Oklahoma, South Dakota, … (2 comments)

Alberto  Pacheco, Experience and Trust (Home Smart Evergreen Realty) Rainmaker large

Alberto Pacheco

Experience and Trust

Northridge, CA

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Home Smart Evergreen Realty

Address: 18429 Nordhoff St Suite A, Northridge, CA, 91324

Mobile: (818) 481-9211

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I write about real estate, my trips, mortgage loans, loan modification programs, etc.




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