This report indicates declines, some steep, in many parts of the US for home values and prices in the last quarter and throughout last year. Indications are that the decline is just starting and over the next two years most homeowners can see final numbers between 10 and 35 % as a total decline from what the prices and values peaked at in 2006 and the first half of 2007. The closer to the coast and more one is in the suburbs, the greater the decline. And the declines could be greater depending on other world and national events.
http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/HomePriceReport.aspx
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