A realtor in our office often says: "The news sells fear, I sell real estate." I took her saying to heart after reading this article on CNN Money. The numbers show that overall housing prices are only down about 2% from last year, while at the same time condo prices have increased by 2%. For those of us in the greater Washington, D.C. area, the NAR statistics show that we have seen prices increase by 1.3%.
Although the article is titled: "Home prices continue to fall," the market is not nearly as bad as the media makes it appear. Happy Home Buying!