Tag Archives: home prices plunge

American Home Prices Plunge 4.3% In Fourth Quarter

With more foreclosures yet to come to the market, real estate experts expect prices to decline another 10-15% in 2011. I don’t see why this is bad news. It is bad news for some — homeowners — and good news … Continue reading

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There Goes The Neighborhood! As Home Prices Plunge In Detroit, Poorer People Move To The Suburbs

Are falling home prices such a bad thing? They make homes more affordable. Many people who thought they were condemned to rent are now buying homes and moving to the suburbs. Not all of their neighbors are pleased. How do … Continue reading

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Home Prices Plunge In Big Cities

I expect a 10% decrease in home prices in 2011. Declines are sharpest in big cities. In 2011, there will be fewer people buying homes due to rising interest rates and high unemployment. At the same time, millions of foreclosed … Continue reading

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Home Prices Plunge

From Reuters: Prices of single-family homes declined a record 14.1 percent in the first quarter from a year earlier, marking a pace five times faster than the last housing recession, according to the Standard & Poor’s/Case Shiller national home price … Continue reading

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