July 15, 2024

US home sales
US home sales

According to a report between Fiserv and Moody’s, the average home price in the United States will fall by about 6% by September 2011.

Mark Zandi, economist and co-founder of Economy.com said: “Foreclosure sales will pick up this spring as mortgage servicers figure out who can qualify for a modification and who can’t.”

The good new, at least for San Diego, is that this report expects San Diego home prices to be up by 8.8% for this period.

The worst performing market will be Miami, Fla. Moody’s projects prices there to drop a heart-stopping 29.2% by Sept. 30. That follows a 47.7% decline the metro area recorded in the past three years.

Las Vegas real estate lawyers

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