Live in Cleveland? Plan on home prices going down.

The housing market continues to show mixed signals, with an over all negative trend.  There are definitely some pockets of the market where housing prices are beginning to stabilize and even increase.  But, unfortunately, this is not the case for the majority of the country.

Housing prices in most markets continue to fall.   According to this recent Forbes article;

 

“Of America’s largest urban housing markets, Cleveland seems to be deteriorating the most. Home prices in Cleveland dropped a frightening 3% in September alone”

This continued drop in housing prices can be a huge bonus for those prepared to purchase their first home as there is an excess of inventory on the market, and housing is once again becoming affordable.  Now the next step in the process is making sure you can get your financing in order.  

About Anthony Candella

Anthony is the founder and Directing Attorney of YourCreditAttorney.com and has been helping consumers just like you understand and improve your credit and financial situation since 2003.