澳洲Australia property U.S. Home Prices Fall Again In Late 2010


在澳大利亚 The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m


Prices in several US markets, including Las Vegas and Cleveland, are nearly down to 2000 levels.


Check out the Wall Street Journal article Housing Recovery Stalls


Wells Fargo & Co. projects prices will drop 8% more by mid-2011, given high supply. "Demand is still dead in the water," said Wells economist Sam Bullard.

In recent months, according to the National Association of Realtors, foreclosure and other distressed sales have represented more than 30% of home sales—and more than half in some states, such as Nevada.

Prices also face other hurdles: slightly rising mortgage rates, and homeowners who owe more on their houses than they're worth, and thus may walk away as values dip further.

Combine the current US market with the impending Alt-A and Option ARM mortgage crisis and 2011 will be interesting  

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