| From Thestreet.com: Demand for housing has taken a major hit, evident by the record 17% decline in existing-home sales recorded in December. Many observers suggest that downward price pressures are imminent.
According to the S&P/Case-Shiller Home Price Index, home prices have gained roughly 4% from their 2009 lows. Although this appears promising, and the index has been moving in the right direction, there are plenty of market forces that likely will work against the index and bring prices down......................................Full Article: Source |