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US home prices to drop 8.3% in ‘08

Posted on 09 October 2008

From Inman: Sales of U.S. resale homes are projected to fall 10.9 percent this year compared to 2007, with the median price dropping 8.3 percent, according to the latest National Association of Realtors forecast.

That forecast has been revised downward several times during the course of the year in response to the nation’s economic downturn — back in January, the group has predicted that sales of resale homes would rise slightly this year and that prices would hold steady compared to 2007….. Full Article: Source


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