Housing Prices Contine to Decline due to Economic Factors

According to NBC news, home prices are declining all across the nation’s largest cities. Not only that but foreclosures are predicted to reduce prices even further throughout the year.

What seems to be altering home pricing is a combination of factors. Studies reveal that unemployment, tight lending standards and the increase in foreclosures alter home pricing.

The housing market remains depressed among larger cities and according to research, prices in Tampa fell to their lowest point since 2000. Miami is also near their lowest points since the housing market collapse in 2006.

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About Blick Law

Public Relations Specialist
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