Housing Report Finds Stability in Home Values

According to the most recent national housing report from Re/Max, the housing market is attempting to stabilize following the impact of the homebuyer tax credit and recent foreclosure moratoriums. The report found prices down just 1.7 percent from last year and home inventory following a trend of single-digit declines. Sales, according to the report, are headed in the right direction, with much smaller losses in November than the month before. Margaret Kelly, CEO of Re/Max, said, despite predictions of falling values, prices remain stable with several markets reporting significant increases over the last year. More here and here.

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