Re: US Home Values Bottomed Out?
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Originally Posted by Villages Kahuna
I think that there is a reasonable argument that can be made for a further precipitous drop in home prices in the next year or so.
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Kahuna, I agree.
Interestingly, I have been recently warned by a Village agent that TV will soon be increasing prices on new homes because building supply costs are escalating due to increases in transportation costs. The Village agents insist the market decline hasn't really affected Village home prices because it is a "unique" market. That has always been their "party line" in spite of much evidence to the contrary. (If you peruse the MLS site, almost every house listed has been reduced in price, many substantially.)
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