Where Are Home Prices Headed in 2009?
Submitted by CARPE DIEM
Money Magazine recently put out a city-by-city home price forecast, using data from Fiserv Lending Solutions, First American CoreLogic, city and county assessors, and realtors. The magazine determined that U.S. home prices will fall an average of 9.7%, see list above (click to enlarge).
Notice Detroit has the highest expected appreciation of 8.6% in 2009, up from $120,000 in 2008!
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