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More Misery for Housing
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The bad news for the housing market just keeps piling up.
About 44% of the U.S. population lives in metropolitan areas where home prices are falling, according to the latest report on the dismal state of the real estate market.
Residents of Nevada are facing the largest average decline, with home prices expected to be down 4% on an annualized basis this year, says the report, which was made by the structured finance group at DBRS, an independent credit agency.
DBRS based the report on figures from the Office of Federal Housing Enterprise Oversight that track housing price data through June of this year, the latest period available. ...
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