Home prices fell 12.4% during the fourth quarter of 2008, the largest year-over-year decline since the National Association of Realtors began keeping comprehensive records in 1979. The median price for a U.S. home sold during the fourth quarter of 2008 fell to $180,100, down from $205,700 during the last quarter of 2007. Distressed properties, the foreclosures and short sales that […]
In a recent survey by Zillow, the vast majority of the homeowners surveyed think their houses lost value over the past year. This is hardly new in itself, as doitinvest.com has warned about it a few times. however, the 51% who sustain this statement is really worrying.