National home prices forecast shrink
Oct 20th, 2009No Comments
National home prices are forecast to shrink another 11%. That’s tough news for Miami, Las Vegas and Phoenix, reported to record steep declines, but a few cities will actually post gains.
If you thought home prices were bottoming out, you may be wrong. They’re expected to head a lot lower. Home values are predicted to drop in 342 out of 381 markets during the next year, according to a new forecast of real estate prices.