US home prices coming up or going down…

Posted by TREX on Feb 14, 2011 in Blog, buy house, investor, real estate, sell house | 143 comments

If youre anywhere near the real estate market then you probably know the answer.  While some people want to paint a rosy picture for real estate, the truth is that its just not on its way back yet.  According to Zillow, US home prices fell 2.6 percent from the third to the fourth quarter of 2010.  Thats the biggest drop in nearly 2 years.

And prices over all have dropped 27 percent since 2006.  Sure some areas are better than the next, but this is the US as a whole.  Not to mention that Zillow estimates that 27 percent of homeowners are underwater with their mortgage.

They are saying they expect to see sales pick up in 2011, but that cannot happen unless some of these buying guidelines are relaxed a little.  There are good people that make good money and have good jobs but just cant qualify for a traditional loan, so the only thing keeping this housing market from going to the point of no return is the hard work being put in by our nations dedicated realtors and investors that continue to put in long hours to keep fighting an uphill battle.    Its in times like these that investors and realtors are truly earning their paychecks…..

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