Have Home Prices Stabilized? Pete Flint Of Trulia Gives His Opinion

By Editor · on December 9th, 2009 ·

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Have Home Prices Stabilized? Pete Flint, Co Founder and CEO of Trulia, Diana O’lick of CNBC, and Ken Rosen, of UC-Berkeley Fisher Center for Real Estate dicuss in this video.

Pete Flint of Trulia stated home price reductions decreased in December.  A significant number of price reductions decreased in the last month.  This makes us think that the market is starting to stabilize.

Ken Rosen Believes that Housing Prices in the low end of the market have stabilized for sure, and even the middle end of the market.  However, the high end has not.

Diana O’lick We are seeing a very reduced inventory and bidding wars in the very low end of the housing market.  This on Foreclosure properties and Short Sales.  We could even see a double dip in the Housing Market and more Foreclosures .

When Asked ” Is The Housing Market Stabilized? Yes or No

Pete Flint Its getting there but its got a way to go

Ken Rosen Yes on the Low End and Middle End, and NO on the High End.

Diana O’lick Temporarily with a whole lot of caveats

Northern Virginia Real Estate Times

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This entry was posted on Wednesday, December 9th, 2009 at 3:10 pm and is filed under Alexandria Virginia Real Estate, Arlington County Virginia Real Estate, Ashburn Virginia Real Estate - Loudoun County Virginia, Clarke County Virginia Real Estate, Fairfax County Virginia Real Estate, Fauquier County Virginia Real Estate, Frederick County Virginia Real Estate, Loudoun County Virginia Real Estate, Northern Virginia Real Estate, Prince William County Virginia Real Estate, Washington DC. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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