Things can’t get any worst or can they?

Home prices dropped 4.1% annually, in 2010.  Although there was an increase in prices, overall  70% of the major market prices experienced a decline and 8 had double digit declines.  There were 6 markets in California that managed to have some price gain. 

Unfortunately, 2011 will probably be the same, unless unemployment and distressed homes decrease.   Until there are more jobs and less people loosing their homes, we will not see too many price gains.

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