National Real Estate Forecasted to Bottom Out March 2010

Real Estate News

Modest gains by October 2010 and the bottom as soon as March 2010 is predicted by CoreLogic's LoanPerformance Home Price Index in 45 of the largest markets.

Overall CoreLogic has found their Home Price index has shown a loss in 30.1% of value since the peak of April 2006 with a 7.8% decline from October 2008 to October 2009. CoreLogic also predics a 4.2% decline in prices until the March 2010 bottoming out and then an appreciation of just under 1% by October 2010.

Risk for future appreciation can be found in the economy and the "shadow inventory" of homes foreclosed by the banks but not yet put on the market.

Read the report here: http://www.facorelogic.com/uploadedFiles/Newsroom/First_American_CoreLogic_LP_HPI_122109.pdf

Jacksonville was not one of the metro areas tracked in the report.

Date: Friday, December, 25th 2009 @ 08:34:00 AM
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