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.: August 2006 --> In spite of the statistics, home prices may be falling

In spite of the statistics, home prices may be falling

» The latest statistics show a slowdown in home sales, but a slight uptick in home prices. What gives? Incentives to the buyer ranging from vacation time-shares, to free upgrades, to cash back. What that means is that, in spite of the statistics, home prices may in fact be falling. "We don’t have any house price indexes that get it right." Todd Sinai, associate professor of real estate at the Wharton School of the University of Pennsylvania.
 [ 08.31.06 ]




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