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Home Price Reductions

West Adams
Creative Commons License photo credit: ifmuth

The economy is still not where we want it to be, and its taking many industries with it. The real estate industry has been in trouble for a while now, and we are still seeing home price reductions, which is not a good sign for the real estate market. Home prices have dropped a massive 26 percent this year, which also happened last year when homeowners were more aggressive in selling their homes. These figures excludes bank owned homes, this only takes into account the pressure buyers are putting on sellers these days. This has made sellers become much more realistic about selling and the prices they are asking.

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Posted on September 15, 2010 13:58:00 by Blog Author Scott.Shields
Scott.Shields
View my profile http://www.metrobrokerstv.com/home-price-reductions

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