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Real-time listing prices in these areas of the U.S. are dropping, and experts expect them to fall further this year
Posted by James Osmar | Posted in Real Estate Articles | Posted on 05-02-2010
Tags: cities, collapse, home, home market, housing, listing prices, luxury home market, luxury homes, real estate, research, trends, wall street
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Year-over-year home listing prices have dropped precipitously in nine cities, according to Altos Research, a Mountain View, Calif.-based housing real estate research firm, and they’re not all cities you might expect. Some had appeared to escape the housing bust but are now showing cracks. Others were hit hard by the Wall Street collapse and still more are facing drained demand in the luxury home market. Since Altos tracks asking prices, housing price trends tend to show up months earlier than they do in other widely respected price indexes. Click to see where trouble might be ahead.
