Blog about Santa Rosa real estate and Santa Rosa CA homes for sale.
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%Houston147,549-1.8Atlanta50,092-2.5Chicago239,359-5.3Philadelphia201,151-9.8Boston295,918-12.5New York393,210-13.7Washington261,411-17.1Los Angeles269,614-17.2Miami214,551-18.8 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.