Sunday, December 14, 2008

What Does 2009 Hold In Store For Santa Rosa Real Estate

clipped from finance.yahoo.com
Ouch!
Home prices in the nations 10 biggest metro areas are projected to keep falling in 2009, with Miami and Los Angeles suffering most.
Metro area2009 median home price2009 change
Dallas$155,645-1.0%
Houston147,549-1.8
Atlanta50,092-2.5
Chicago239,359-5.3
Philadelphia201,151-9.8
Boston295,918-12.5
New York393,210-13.7
Washington261,411-17.1
Los Angeles269,614-17.2
Miami214,551-18.8
Notes: Prices are projections for the end of 2009. Change is from the end of 2008.

Source: Moody's Economy.com

Lawrence Yun, chief economist of the perpetually optimistic National Association of Realtors, says he expects prices to rise 2.8% in 2009.

Go to Zillow.com to see how much nearby homes fetched recently. Once you've figured out what a buyer might pay, price your house 5% below that.

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