Oh, maybe we are close to the bottom.


The decline in residential property prices appears to be slowing, according to preliminary data from First American CoreLogic.

A preview of its November report shows that home prices fell 9.6 percent last month, compared with 10.4 percent in October and 11.2 percent in September.

“The consistent deceleration over the past two months with November indicating the same trend in price declines is encouraging because it could portend the trough in price declines,” says Mark Fleming, chief economist for First American CoreLogic.

Still, layoffs and the swollen supply of unsold homes remain a concern, he notes.

Source: American Banker (12/29/08)

About Terry McDaniel

What motivates me? 1. To have fun...2. To learn...3. Bless and prosper before profit.....4. Be the hero...... To collaborate and be transparent....This is the Main Event.... Oh by the way, I have closed 1200 residential transaction over 40 years. I have Masters in Business from the University of Wisconsin... I'm part of the Madison Mafia...
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