October Existing Home Sales: Still Falling
High unemployment is a key factor in the lack of demand for housing, since more people are forced to stay put by their unfortunate job circumstances. The other mitigating factor in home sales is a fear among buyers that homes purchased today will be worth less a year from now. Some experts have predicted another 10 percent drop in home prices over the next 12 months.
For more on home sales, home prices and related topics see these AOL Real Estateguides:
- How to Price a Home to Sell Fast
- Home Appraisals for Sellers
- How to Sell Your Home in a Short Sale
- Add Storage Space to Speed Home Sales
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.