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A triple dip in real estate prices?

By
Real Estate Broker/Owner with All Seasons Real Estate, Inc. 01336187

There is an interesting article at CNNMoney called "Home prices heading for triple-dip".

The article quotes a study from FISERV that is predicting some interesting price drops with an overall average of 3.6% drop by next June.

They are predicting that many areas that have already been hit hard will see another fall in prices in the 13% area.

In my area, (Covina, CA), we have already seen a double dip with lows in February 2009 and than again in February 2011.  

I think news like this has a lot of buyers waiting to see of prices will really be even lower in the near future.

 

 

John Pusa
Glendale, CA

Lehel - Thank you for sharing quality information on a triple dip in real estate prices.

Nov 04, 2011 04:41 PM