Star Tribune Thu, 17 Jan 2008 06:06:41 GMT
Metro home prices fell for first time in 20 years
The final numbers for 2007 are in: The median sale price declined 2.2%. This year might see another drop -- sobering news for anyone who bought at the peak of the market or has borrowed heavily against the value of their house. Home sale prices dipped in 2007 for the first time in at least 20 years and are expected to remain flat or fall slightly in the coming year, officials from several Twin Cities-area real estate groups said Wednesday. The decline is bad news for anyone trying to sell a house and also is an indication of downward pressure on housing prices across the metro area -- sobering news for anyone who bought at the peak of the market or has borrowed heavily against the value of their house.
[[keywords: Housing;Metro;]]
No comments:
Post a Comment