Tuesday, March 29, 2011

Case Shiller: Dismal Start to Home Prices

The Big Picture blog had an interesting read on the state of the real estate market;

January 2011: “The 10-City Composite was down 2.0% and the 20-City Composite fell 3.1% from their January 2010 levels.”

"What we have yet to erase is the excess speculation from the 2002 to 07 mania. Until that gets wrung out of the market, I doubt you will see a healthy Real Estate sector. That will only take place through a combination of lower prices, better holders and the elapsing of time"

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As we know here with home sales in The Point and other areas around Lake Norman, it's a great time to be a buyer and buyers are being picky. So for sellers pricing your home right and sprucing it up to show it at it's best is important. Bookmark and Share

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