I’ve got a Christmas present for everyone … Cheaper real estate !
Well at least that’s what the real estate media is telling us.
Over the last week I’ve found more than 10 articles reporting falling real estate prices in various suburbs, cities, regions, states and nationally. Some of them include.
From the New York Times an article called Value Sinking Fastest on Homes Priced Low to Start.
From partick.net an article called Housing Crash Continues -- It's A Terrible Time To Buy An Expensive House.
And, from the Sydney Morning Herald Domain 2 articles called National housing prices set to fall in 2011 and Market Going Down but Softly.
Oh, BTW the present is courtesy of the global financial prices, the US sub-prime market, political instability in Australia, the Reserve Bank and the Big Four Australian Banks.
Enjoy playing with your new presents.
Francesco …
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