New York Home Prices Predicted to Fall Another 40 Percent

New York metro area home prices are expected to fall another 40.6 percent from the first quarter of 2009, according to Deutsche Bank. It’s actually an improvement from an earlier prediction, when home prices were slated to fall 47.4 percent, but it’s certainly not good news for New York residents, at least those that currently… Continue reading New York Home Prices Predicted to Fall Another 40 Percent

Housing Outlook Negative

The housing outlook, which seemed to be on the up and up thanks to record low interest rates and a more promising homebuyer tax credit, took a step backwards in the latest home builder survey. “The outlook for home sales has improved somewhat in recent months, due largely to implementation of the first-time home buyer… Continue reading Housing Outlook Negative

U.S. Home Prices Slashed by $27.4 Billion

Nearly one in four homes currently listed for sale in the United States have had their listing price slashed, totaling a whopping $27.4 billion in reductions, according to Trulia. On average, listed homes have seen price reductions of 10.6 percent, though certain metropolitan areas have experienced much larger price cuts. Detroit homeowners have slashed prices… Continue reading U.S. Home Prices Slashed by $27.4 Billion