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Loan Modification
: Mortgage Lender Implode-o-MeterHome values still declining
By Implode-Explode Heavy Industries
New figures from the Federal Housing Finance Agency (FHFA) show the price of an average home in the state dropped another 1.5 percent between the third and fourth quarters of 2009. That brings the year-over-year difference to 12.7 percent.
It also means that a home that sold for $200,000 when housing prices in Arizona hit their peak in early 2006 now is worth just $125,200.
Full post as published by Mortgage Lender Implode-o-Meter on February 28, 2010 (boomark / email).
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