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U.S. home prices fall faster in metros

Posted on 02 December 2010

From Theadvertiser.com: Millions of foreclosures and weak demand from buyers are forcing home prices down in most major U.S. cities. Prices are falling even in places like San Francisco and San Diego, which had posted strong increases just a few months ago. Analysts say many markets won’t improve until they see fewer foreclosures and more job gains.
“Unemployment is still high, people are afraid of losing their homes and credit is hard to get,” said Maureen Maitland, vice president of Standard & Poor’s indices……………………………………….Full Article: Source


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