Home prices are falling, but is the sky falling?

Some real estate agents suggest that sellers dropping their listed prices – Redfin reported that about 70% of homes in Boise have done so – is "normal market cycle activity."

Scott Harris, at New York-based Brown Harris Stevens, tells GlobeSt.com, "The pendulum swings back and forth. In New York City, we didn't see the pendulum swing to new market peaks — what we tend to find is that our market is far less volatile than everywhere else.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Multifamily
Midwest
Northeast
Southeast
Southwest
West