According to Chase Bank, home prices are predicted to drop 6-7% in the nation before hitting rock bottom in 2012.
Prices in New York and New Jersey will drop 13%. Illinois and Indiana and Kentucky will have significant drops in their housing prices, because of the amount of shadow inventory in each of those states.
Also in bad shape are North Dakota and New Mexico … South Carolina and North Carolina.
What about Miami? Not only do we have beautiful weather year-round, but from all appearances the real estate market in Miami is one of the few that has actually stabilized, making our neck of the woods a good investment option. If you are looking to relocate we would love to help you! We specialize in South Florida, and we can also connect you with real estate experts nationally and internationally to help with the other side of your move . The Restivo Team at EWM Realtors, International. 305 793-1365