Home Prices May Not Have Hit Bottom Yet

Home prices, which have been sputtering along for much of the year, are likely to dip further by the end of 2011, by  approximately 10%, according to the results of a nationwide industry survey of real estate agents. http://campbellsurveys.com/housingpulse/Pulse.htm  The shadow inventory will continue  to effect the real estate market for another 2-5 years.

Home Prices Still Adjusting

http://www.ritholtz.com/blog/2011/04/case-shiller-100-year-chart-2011-update/



http://www.dsnews.com/articles/case-shiller-home-prices-edge-closer-to-2009-lows-2011-04-26


http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us


Home prices are still falling. They are expected to drop another 5% this year and still have a ways to go from the inflated amounts of  2005-2008 before they reach their  value.

Florida Home Prices

June's statewide existing-home median price of $143,400 was 2.1 percent higher than May, marking the fourth month in a row that the prices have increased on a month-to-month basis. However, prices were down 3 percent when compared with year-ago levels.


Existing-condo prices posted a more notable decline. According to Florida Realtors, the median price for existing condos across the state came in at $95,000 in June, plunging 16 percent from one year earlier.