So Where Is The Bottom Of The Market?!
Categories: Buying Real Estate, In The News, Real Estate News, Selling Real Estate
hiOne outlook comes from the First American CoreLogic index. This index covers 950 cities and towns and gives equal weight to each home in regards to the impact it has on its figures. Whether the home is in Beverly Hill, Coral Gables or Atlanta, they all weigh the same. Its numbers are subject to frequent revision but here they are: Prices fell 11% in June from 1 year ago, but the decline has not accelerated since January. In New York State prices in June were off 3.5% from a year ago, versus a corresponding 12% drop for January. Deceleration presages stable prices, and the turn can be quick. In New York it only took six months from the 1991 flex point (when prices stopped falling at an accelerated rate) for home prices to hit bottom. –Bernard Condon (Forbes Magazine)
Interested in purchasing or selling Real Estate? Contact The DiCarlo Group to accomplish your Real Estate Goals.
The DiCarlo Group
Sheryl DiCarlo Gregory DiCarlo
SherylDiCarlo@Gmail.com Greg.DiCarlo@Gmail.com
