According to a report issued by Fiserv, a financial analytics company, home values are projected to fall another 3.6% by next June.
One of the points made in the report is that with foreclosures being pushed a bit faster through the process more foreclosures will hit the streets further eroding prices.
More good news - default notices were recently up by 14% as was foreclosure filings.
So what is a seller to do? If you do indeed believe the report and expect further declines – price competitively now.
If one is considering selling (needs to sell), waiting until the holidays are over does not sound like a good choice.