According to CNN, in the 12 months that ended June 30 of this year, nearly 25 percent of homes sold across the country sold for less than the sellers originally paid for the house. This, of course, is a disastrous transaction for sellers, probably only made under duress. The sellers had to sell now, and had no other options.
What if you could predict those areas of the country where housing prices will dip the most in the next two years? Well, even if you can’t, the folks at PMI Mortgage Insurance Company have given it a try.
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Written by Dan Rafter [email] for b5media.
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