Home prices fall for the fourth month in a row!

Fox news reported that home prices are continuing to drop in the nation’s largest cities, Tampa Bay being one of them. This can be a result of fewer homes being purchased and millions of foreclosures arising in the market.

Atlanta recorded the largest decline. Prices there fell at a percentage of 2.9. Washington homes dropped 0.2 percent in October. Plus this year has been recorded as the “worst” for home sales in more than a decade according to FOX Tampa Bay. Tight credit and high unemployment have kept people from buying homes.

Most experts expect the decline to continue through mid-year with prices on average to lose another 5 percent to 10 percent.

To learn more contact your local real estate attorney today!

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About Blick Law

Public Relations Specialist
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