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Home Price Remain Weak

By
Real Estate Agent with Keller Williams

News out today shows home prices continue to be weak. Although some markets showed slight improvement other markets hit new lows. Forecast is for more foreclosures/short sales continuing to drive down home prices. The bottom....sure. Fortunately, the Denver market continues to show slight improvement but again, once the banks release the "shadow" inventory prices will more than likely drop again. Good video on the Case-Schiller report just released.

 

 http://www.mortgagenewsdaily.com/channels/video/131427.aspx

Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

The market is not strong and it may need life support.  Our market is showing some purchase by move up buyers.  That is good.

Jan 26, 2010 04:29 PM
David Saks
Memphis, TN
Broker / Industry Analyst

You know, I think it's a seasonal thing. People don't want to move when it 15 degrees outside and the wind chill is 5 below zero.

Jan 26, 2010 05:26 PM
Gerry Michaels
Glasswork Media Arts - Gettysburg, PA
GettysburgGerry Social Meida

The biggest problem we are having in our area is that banks are not lending money

Jan 27, 2010 03:25 AM