US Home Prices Fall For The Month Of August

By Editor · on October 23rd, 2009 ·

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Diana Olick of CNBC reports on Us Home Prices for the month of August, 2009.  Keep in mind these reports are usually a month or month and a half behind as it takes time to crunch the numbers.  Pretty much anything that is moving is Fannie Mae and Freddie Mac Loans with regards to Sales Transactions.  The index is down 10.7 % below its April peak in 2007.  Home prices are down 0.3 tenths of one percent month to month.  However year to year Home prices are down 3.6% year to year.

In Northern Virginia, Short Sales and Foreclosures are bringing home prices down.  Although we have seen an increase in sales prices, traditional sales ( not a Short Sale or Foreclosure) are finding it hard to get the asking price they are wanting.  This despite the lack of inventory of homes.

Northern Virginia Real Estate Times

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This entry was posted on Friday, October 23rd, 2009 at 6:51 am and is filed under Alexandria Virginia Home Sellers, Arlington County Virginia Home Sellers, Ashburn Virginia Home Sellers, Clarke County Virginia Home Sellers, Fairfax County Virginia Home Sellers, Fauquier County Virginia Home Sellers, Frederick County Virginia Home Sellers, Loudoun County Virginia Home Sellers, Northern Virginia Home Sellers, Prince William County Virginia Home Sellers, Washington DC Home Sellers. 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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