Will Prices Fall Here?
From The Seattle PI -
Housing prices, slumping after a five-year boom, are projected to decline in more than 100 of the nation’s metropolitan areas, with the Northeast, Florida and California among the areas hardest hit.
The forecast by Moody’s Economy.com, a private research firm, presents one of the starkest views yet of the housing slowdown that has been gathering force in recent months.
Nothing said about Seattle but I suspect we’ll see continued softening of the market place and price reductions on overzealously priced properties. Don’t think they’ll be a crash but will likely see value corrections and more stable inventory as assorbtion rates continue to rise.