I read a very interesting article the other day on the Home values nationally. Yes it is true that the home prices are down but there are a few factors we need to look at.
The hardest-hit markets drag down the average depreciation.
Mid to high priced homes were more inflated than entry level housing. When those homes depreciate, they have farther to fall than a lower priced home. This also brings down the average.
And of course PANIC!! This wonderful word creates a dominio reaction among those that are selling and thinking of buying.
What does this mean, it is still a great time to BUY!!!!