| According to an analysis conducted by Moodys | | | | increase of 4.6 percent where the median house |
| Economy much of the nations housing prices will | | | | price is $129,000. Other areas of the country |
| see a decline over the next couple of years. The | | | | where the median house price is below the |
| analysis showed a projected decline in national | | | | national average should have good chances of |
| house price of 7.7 percent over the next two | | | | dodging the storm. |
| years. The projected decline is over 4 percent | | | | If you are considering selling your house today or |
| higher than the projection in October 2007. | | | | holding out for price appreciation, do your |
| The 7.7 percent decline in housing prices is an | | | | homework. In most cases you may be better off |
| average, so some areas of the country will see a | | | | selling your house now to avoid even larger |
| much higher decline. Areas like Stockton California | | | | declines in the future months. Most areas of the |
| were close to the top of the list with an | | | | country will not see house prices start to recoup |
| expected housing decline of 25 percent that is | | | | their losses until 2008. Even after home prices |
| expected to last until the later part of 2008. | | | | start to appreciate it is going to take some time |
| The Sunbelt areas of the country are expected | | | | before they are back to where they once were. |
| to see the larges declines, but the Midwest is not | | | | So many areas around the nation are continuing |
| far behind. With the many job layoffs from auto | | | | to see declining housing prices. The declining |
| makers and other production facilities the local | | | | housing prices cause financial hardship on people |
| economy in many of the Midwest towns is | | | | needing to sell their house. There are many |
| struggling. Detroit Michigan is not expected to | | | | reasons why people need to sell their house and |
| recover from its projected 21.3 percent decline | | | | sell it quickly; divorce, to stop foreclosure, sell |
| until the early part of 2009. | | | | investment property, moving out of state, |
| Cities like Nampa, Caldwell, Star, Eagle, and Kuna | | | | bankruptcy, etc. |
| are Idaho metro cities and are also expected to | | | | If you need to sell your house fast your best |
| see declines. Boise, the capital city of Idaho is | | | | option is to sell it to your local home buyer. Local |
| slated to see a decrease of 7.7 percent in the | | | | home buyers purchase many houses each month |
| housing market. The Boise real estate market is | | | | in your local area. The process is simple and free. |
| not expected to rebound until the later part of | | | | You complete a confidential short seller form |
| 2008. | | | | on-line and you are then contacted by your local |
| The news is not bad for everyone. Some smaller | | | | home buyer. The process is the best way to sell |
| cities in Texas are expected to see a mild | | | | your house quick. |