Where is the Housing Drop Hurting Most?
In the last quarter of 2007, home prices in the United States fell roughly 1.3 percent. Thats a new record fall and not a great sign for those of us involved in the housing industry. A recent survey by the Office of Federal Housing Enterprise Oversight shown that there are some local markets that are faring well, despite average housing drops. This stability can be hidden by the national survey figures and ignored when discussions about the dropping real estate market are made. So who hurts the most in a housing drop? Coastal regions seem to fare worst of all. In a report done on 291 cities, there were widespread declines around the area. ...
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