Real Estate Business Resources and News Blog: Prices Falling AGAIN

Did you ever notice how things have a way of balancing out? You know, things go down just as something else goes up. It’s always funny when it works out that way, but it really makes a lot of sense.
Take the latest news about home prices,for instance.
The tax credit for first time home buyers expired at the end of April. And wouldn’t you know it, the market saw a sudden sharp dip in home prices. It dropped almost $2,500 on average.

So it’s really interesting,
housing market prices down you lose one opportunity, you gain another. Sure they don’t quite balance out, but where do you think things will go from here? Are sellers going to have to come down even further?
Oh, and of course the leader in home price reductions? Florida! San Francisco also saw large reductions (actually the biggest in terms of dollars instead of percentage). So hopefully those areas will continue to enjoy a small recovery through the summer months.
Have you noticed any price changes in your area? You are the people out there, hitting the streets to find great deals. So I want to hear from you, get your feedback.

Have a great week.

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