My Take!
I see another 2-3yrs before the realestate market begins to stabilize and prices begin to head higher.
Mathews Realty Group
Retirement Advisor/Investment Services
Self Direct IRA-Self Employed Solo 401K Plans
U.S. home prices fell for the sixth straight month in January as negative equity limited the mobility of homeowners, and weak demand and an overhang of shadow inventory continued to pressure home prices, data aggregator CoreLogic said today.
The five states with the greatest depreciation were Idaho (-15.7 percent), Alabama (-12.1 percent), Arizona (-11 percent), Oregon (-9.9 percent) and Utah (-9.8 percent).
The five states with the highest appreciation were West Virginia (5.5 percent), North Dakota (3.3 percent), New York (1.9 percent), Hawaii (0.7 percent) and Wyoming (0.2 percent).
In another report released this week, CoreLogic estimated that 11.1 million, or 23.1 percent, of all residential properties with a mortgage were in negative equity at the end of fourth-quarter 2010. That's up from 10.8 million, or 22.5 percent, in the third quarter.
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