“No Sign of a Bottom” for Declining Home Prices
That was the lead headline that came across my desk today in National Realty News. Here’s an excerpt:
Data through February 2008, released by Standard & Poor’s for its Shiller Home Price Indices, the leading measure of U.S. home prices, show declines in the prices of existing single family homes across the United States worsened in the second month of the new year, with 17 of the 20 now reporting MSAs [Metropolitan Statistical Areas] posting record low annual declines, 10 of which are in double-digits. MORE →
Mike Kupritz is chief executive of The Kupritz Group, a real estate brokerage in Baltimore, Maryland. You can reach him directly by writing to makupritz at this domain.