Trulia Finds a Decrease in Real Estate Price Reductions

According to buy propecia 5mg Trulia, 20% of the homes currently on the market have seen a price reduction at least once since being put up for sale. This figure is down when compared to April of 2009, at which time 27% of homes experienced a price reduction at least once.

“With such a dramatic drop in home price reductions over the past year, we’re beginning to see early signs of stabilization in the housing market on a national level, as well as locally in certain markets.” Said Pete Flint, who is the co-founder and CEO of Trulia, in a article. “As the federal stimulus comes to an end this month, coupled with expected increases in interest rates and foreclosures, the next few months will be very telling for whether the U.S. housing market can be self-sustaining over the longer-term. Trulia will continue to track price reductions going forward as an indicator of health in real estate market.”

Trulia first started tracking nationwide price reduction data as well as data for 15 major cities in the United States in April 2009. Of the 15 cities that were originally included in the study, those that were hit the hardest and affected the earliest by troubled economic conditions have experienced the greatest priced reductions. These include:

* Las Vegas – experienced a 54% drop
* San Diego – experienced a 52% drop
* San Francisco – experienced a 45% drop

Of the original 15 cities, Seattle was the only one to see a significant increase in price reductions as it experienced a 15% spike.

In addition to finding that there are fewer homes experiencing a price reduction, the report also found that several cities have experienced a significant decrease in the amount that the houses are being reduced. In New York and San Francisco, for example, the drop in home prices enjoyed a 30% discount when compared to April 2009. At the same time, several cities still saw an increase in the average price reduction when compared to 2009. Some of these include prescription cialis generic Denver, Houston, Phoenix and Seattle.

To develop the report, Trulia analyzed the live listings that were placed on its Website as of April 1, 2010 as well as the price reductions that took place on the site from April 1, 2009 through April 1, 2010. It should be noted that the data does not include foreclosure properties and that Trulia obtains its information from agents, brokers, Multiple Listing services and third party aggregators. Those non-foreclosure properties that have undergone at least one price reduction since being placed on Kamagra the site were analyzed when determining the percentage of homes with a price reduction. Furthermore, data collected at the individual city level includes only those listings from within the city boundary and not from the metro areas.

Just as with much of the news that has been coming out of the real estate market as of late, it appears things are moving in the right direction. Although there is definitely more room improvement left to be made, it is good to see that the national market is moving in a positive direction.

Author Bio: Ryan Lynch works for a real estate team that helps buyers and sellers with Austin Real Estate and relocation. His team specializes in the Steiner Ranch area including lakeside properties and golf course homes.

Category: Finance/Real Estate
Keywords: real estate, market, trulia, trends

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