Housing Prices Could Continue Decline in 2012

For Sale Sign Jan 6, 2012 Eric Miller PhotoFrom Housingwire.com MHProNews.com learns that Veros Real Estate Solutions predicts home prices will remain relatively unchanged over the next year with the strongest markets seeing a 4 percent rise and other seeing as much as a 6 percent drop. The company’s home price index shows 2012 declines of 1.3 percent overall. The strongest real estate markets are found in North Dakota, Texas, South Dakota, Nebraska, Louisiana and Iowa. The worst declines are expected in Bakersfield, California and Reno-Sparks, Nevada. Also The Las Vegas/Paradise, Nevada, Sacramento-Arden-Arcade-Roseville, California, and Fresno, California are expected to see depreciation of at least 5 percent.

(Photo Credit: Eric Miller)

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