Is it just giving up the rapid gains of a quick inflationary bubble or is this going to be a long term trend?
Source:
http://www.cnbc.com/id/41019790
Quote:
Home values have fallen 26 percent since their peak in June 2006, worse than the 25.9-percent decline seen during the Depression years between 1928 and 1933, Zillow reported.
November marked the 53rd consecutive month (4 ½ years) that home values have fallen.
What?s worse, it?s not over yet: Home values are expected to continue to slide as inventories pile up, and likely won't recover until the job market improves.
|