Some say home values to remain low for a long time
May 18th, 2009 by admin
Citing unemployment, tighter lending restrictions and the excessive inventory of homes, The Seattle Times reports in an article Home prices may be lost for a generation, that home prices throughout the majority of the country will remain depressed for some time.
In Florida bank owned sales continue to drive the market. These sales continue to hold down an increase in value of homes as banks sell at distressed prices
May 31st, 2009
[...] Some say home values to remain low for a long time [...]