This piece in the NYT gives some home sellers hope for a better future.
Home prices continued to fall as unemployment rose and new foreclosures hit the market. But the pace of declines, which had been accelerating, leveled off slightly, according to the Standard & Poor’s Case-Shiller Home Price Index, a closely watched yardstick of the market.
Keep in mind that Louisville home prices didn’t rise at such great rates in the past, so they also haven’t fallen like the national averages.
Buyers need to keep this in mind. Deal hunters may be running short of time.