The Standard & Poor’s/Case-Shiller 20-city index released Tuesday ticked up in July from June. But the gain is merely temporary, analysts say. They see home values taking a dive in many major markets well into next year.
That’s because the peak home-buying season is now ending after a dismal summer. The hardest-hit markets, already battered by foreclosures, are bracing for a bigger wave of homes sold at foreclosure or through short sales. A short sale is when a lender lets a homeowner sell for less than the mortgage is worth.
Add high unemployment and reluctant buyers, and the outlook in many areas is bleak. Nationally, home values are projected to fall 2.2 percent in the second half of the year, according to analysts surveyed by MacroMarkets LLC. And Moody’s Analytics predicts the Case-Shiller index will drop 8 percent within a year.
It seems that everyone knows that home prices will decline over the next 6-12 months. That’s been published in every newspaper and financial magazine I can find over the past few months.
At what point will these future price expectation be baked into the market ? September, December, January 2011 ?
It seems that everyone knows that home prices will decline over the next 6-12 months. That’s been published in every newspaper and financial magazine I can find over the past few months.
At what point will these future price expectation be baked into the market ? September, December, January 2011 ?
It seems that everyone knows that home prices will decline over the next 6-12 months. That’s been published in every newspaper and financial magazine I can find over the past few months.
At what point will these future price expectation be baked into the market ? September, December, January 2011 ?
It seems that everyone knows that home prices will decline over the next 6-12 months. That’s been published in every newspaper and financial magazine I can find over the past few months.
At what point will these future price expectation be baked into the market ? September, December, January 2011 ?
It seems that everyone knows that home prices will decline over the next 6-12 months. That’s been published in every newspaper and financial magazine I can find over the past few months.
At what point will these future price expectation be baked into the market ? September, December, January 2011 ?
[quote=FormerSanDiegan]It seems that everyone knows that home prices will decline over the next 6-12 months. That’s been published in every newspaper and financial magazine I can find over the past few months.
At what point will these future price expectation be baked into the market ? September, December, January 2011 ?[/quote]
Not sure, but depending on the specific situation, I think it is not too early to start low balling.
[quote=FormerSanDiegan]It seems that everyone knows that home prices will decline over the next 6-12 months. That’s been published in every newspaper and financial magazine I can find over the past few months.
At what point will these future price expectation be baked into the market ? September, December, January 2011 ?[/quote]
Not sure, but depending on the specific situation, I think it is not too early to start low balling.
[quote=FormerSanDiegan]It seems that everyone knows that home prices will decline over the next 6-12 months. That’s been published in every newspaper and financial magazine I can find over the past few months.
At what point will these future price expectation be baked into the market ? September, December, January 2011 ?[/quote]
Not sure, but depending on the specific situation, I think it is not too early to start low balling.
[quote=FormerSanDiegan]It seems that everyone knows that home prices will decline over the next 6-12 months. That’s been published in every newspaper and financial magazine I can find over the past few months.
At what point will these future price expectation be baked into the market ? September, December, January 2011 ?[/quote]
Not sure, but depending on the specific situation, I think it is not too early to start low balling.
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