HOME PRICES EXPECTED TO DROP

By Kent Berk on July 10th, 2010 in BLOG, REAL ESTATE LAW

According to various economists, home prices are expected to drop overall by another 2% this year, as compared to last. The hardest hit areas, including Phoenix, may drop as much as 10% though. Earlier predictions had home prices leveling off, but recent reports state that prices will drop further before stabilizing.