
According to the housing survey done by The Wall Street Journal, there is still a possible drop in home prices even with the evidence of recovery after a four year slump in the housing market.
Areas like Boston and Sacramento are some of the areas that are experiencing a downfall in prices of listed homes in the housing inventory. The decrease in supplies has sparked a return of bidding wars on lower-end properties in some neighborhoods.
If the rate of unemployment did not improve, it will be hard to sustain demand and mortgage defaults will eventually lead to foreclosures, dumping more supply…











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