Saturday, July 31st, 2010

14% Price Drop?

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Nashville,  Memphis and Knoxville and 97 other cities listed in the 100 largest U.S. metro areas were included in a recent research survey by Deutsche Bank which found that  home prices are expected to drop on average 14 percent from now to first quarter of 2011, for a total average drop of 41.7 percent since the beginning of the housing crash.  Deutsche Bank (DB) Research is one of the world’s leading sources  for trends in business, society and the financial markets.  A summary of  their research survey was published on Mortgage101.com’s Blog 

Note: Lets’s hope the above is an exaggeration of what the true impact may be on Tennessee homeowners. As most everyone has learned real estate is truly a  regional market.  Refer Deutsche Bank (DB) Research on the following to realize how much the regions have varied across the US > http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000239472.pdf

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