Prices Heading Lower If Not Already There

by Jason Sandquist on January 5, 2010 · 0 comments

in Market Update

Let’s be honest with ourselves on this one, home prices are still going to fall.

Les Christie from CNN throws out three basic reasons why home prices are heading lower: more foreclosures, rising interest rates and the home buyer tax credit coming to an end.

Here’s the proof in case your not a regular reader:

altosminneapolis0110I have these live charts over on the side bar and you can view more cities here. Few cities are on the up and up by the way.

It’s been going on for a little over a year.

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