Price Declines Slowing, Not Ceasing

July 10, 2009

Home price declines should continue for another year,
according to Oxford Analytica, and several factors are yet to be overcome in
the housing crisis. Housing inventory, unemployment, foreclosures, and the
number of homeowners with negative equity are all at high rates.

http://www.forbes.com/2009/07/09/mortgages-bankers-interest-business-oxford-prices.html

Home Sellers Continue Dropping Prices

July 10, 2009

Almost one out of every four homes currently on the market
has had its price reduced at least once, according to Trulia. Foreclosures
aside, homes have been dropped 10% or more, as home sellers continue to use
their best tool to combat a tough selling market. Not surprisingly, homes in
the million dollar and above class saw the largest reductions in asking prices.