July 12, 2024

real estate for sale signMoody’s Economy.com Inc., a research firm in West Chester, Pa  released a report last week says that median house prices are likely to decline more than 10% over the next few years (already has in many areas of San Diego) in 20 metro areas, including Las Vegas, Tucson, Ariz., and Washington, D.C.

Plus, the Moody’s report also says that the slump won’t end quickly. According to the report, prices may keep falling until 2008 or even 2009 in some areas. In all, prices are falling or likely to decline soon in about 100 metro areas.     Search the entire San Diego MLS.

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