Fiserv, Inc has announced their analysis of the housing market. They looked at 350+ cities across the nation and concluded that prices continue to decline in 2010.
www.marketwatch.com/story/fiserv-case-shiller-home-price-insights-us-housing-prices-see-first-back-to-back-quarterly-price-gains-since-2005-2010-01-28
Have you heard about this on the MSM? For those that live in Florida, Arizona, California and Nevada have you heard this on the MSM?
The Fiserv Case Shiller Indexes forecast that average single-family home prices will fall another 11.5 percent over the next twelve months. Steep home price declines are expected to continue in markets that have been hurt most by the housing crisis, including metro areas in California, Nevada, Arizona and Florida.
The report states Orlando could see 20.8% reduction, Jacksonville 14%, San Jose close to 10% and the list goes on. Overall across the nation they anticipate a 11.5% further reduction on average. I think we will continue to see people walking away from their homes as they don't see how they can make up the loss in their lifetime.
It's not over folks. Keeps your eyes open....
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