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Monday, October 31, 2011

Home Prices Expected to fall another 3.6% by June...What is a seller to do?.

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.

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