By PBN Staff
The S&P/Case-Shiller index of property values registered a larger-than-expected decline for the 12 months ended Oct. 31, totaling 3.4 percent.
While there are signs that the home building industry is starting to see an upswing, it is clear that there are still many homes in foreclosure, as well as more on the way, which are likely to drive down home prices for some time to come.
Homeowners regularly judge the market value of a home against the value they receive from living in it. If you were asked to do that today, would the housing market’s weakness cause you to sell your house despite the value you receive from living in it?