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The National Association of Realtors reported that the sale of existing homes fell 8.6% in October as median home prices across the country plunged.
Us housing market continues to deteriorate with both prices and sales humbling in November.Prices of existing homes are down more than 13% on average from just a year ago.that’s the biggest annual drops sionce record were started back in 1968,sales of existing homes fell 8.6% last month and new home sales fell just under 3%,the lowest level since 1991.Now just in home prices are down across all parts of the US,prices are falling more than 25% in the west,11% in Midwest 10% in the south,and northeast,which experienced a smaller round open prices saw prices remain relatively steady last month down 0.1%,but the hardest region,the median home in west of US,with 325,400 a year ago,today that same home is valued at 242,500 dollars, that’s the decline value almost 83,000 bucks.Now the top prices are creating by opportunity for Bulgen Hunters .The National Association of Realtors chief economist said last month roughly 45% of homes across the country were distressed properties.
