More Home Price Drops Coming
This is really bad news for the housing industry that has been waiting for the economy to turn around, a signal that they can again get back onto their feet. As of last estimates, almost 65% of all homes form most states are expected to see another round of price drops, even with low home values that exists today. This isn’t what they were expecting for there have been slight movements in the past, a good sign supposedly but the economy is dragging down any gains they might have gained. Median home prices are on the slow rise but as said, these fluctuations are mere bumps that immediately dip after gains. Some blame the job market, some blame economics but whatever reason these fluctuations may be based on, they’d better not last long.