Skip to main content
Helping make real estate dreams come true

Tentative signs that home prices have stopped
falling may simply be too good to be true. Prices
have in fact risen on a month-over-month basis
in several of the widely followed price indices.
We believe these price gains reflect the holding
back of foreclosed properties from the market
and a dearth of sales of higher-priced homes.
While we expect home prices to decline further,
we believe the bulk of the decline is behind us.
The Case-Shiller 10-city index has declined a
cumulative 32.3 percent since peaking in mid-
2006. We expect the absolute bottom to be
around mid-2010, with a cumulative loss of 36
percent.

from the WELLS FARGO SECURITIES, LLC
ECONOMICS GROUP


House not selling? Falling behind on your home payments? Listng contract expiring?


Call Kathleen Lordbock
Keller Williams Realty Brainerd Lakes
218-829-4664
218-831-8001
Labels:

Comments

Post a Comment

Popular posts from this blog

Do Bidding Wars Increase Home Prices?

‘Bidding Wars’ Not Boosting Home Prices, Latest HousingPulse Results Indicate Despite media reports of the emergence of so-called “bidding wars" in select housing markets, average home prices remained flat in the month of April, according to the latest results of the monthly Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. While reports of some home listings attracting dozens of offers have become common this year, the closely watched nationwide HousingPulse survey found that most homes sold in April received only two or three offers and sold below list price. Demand from investors remained strong during the month of April. Investors accounted for 25.1% of home purchases, while current homeowners accounted for 40.1% of purchases and first-time homebuyers accounted for 34.8% of purchases. Average prices for home purchases declined slightly from March to April, according to transactions reported by HousingPulse survey respondents. The average price for non-distressed p...
Post a Comment
Read more

7+ acres and one level home

Helping make real estate dreams come true Kathleen Lordbock | Keller Williams Realty Brainerd Lakes | 218-831-8001 6641 Wetherbee Road, Brainerd, MN This one level home is a new build and just finished. Set on 7+ acres, it is in the heart of the Brainerd Lakes. Just a few miles to Crow Wing Lake, 3BR/1BA Single Family House offered at $118,000 Year Built 2005 Sq Footage Unspecified Bedrooms 3 Bathrooms 1 full, 0 partial Floors 1 Parking None Lot Size 7.5 acres HOA/Maint $0 per month DESCRIPTION Set in the country but close to town- this 3 bedroom residence has easy upkeep. Wood laminated flooring, tile and carpeted bedrooms give you the best underfoot solutions. All appliances are included and it is ready to go. 3 miles from North Central Speedway and just minutes to the BMX Bike racing course and The Spirit Horse Center. Acreage and home for one low price. see additional photos below ...
Post a Comment
Read more