Fortune magazine says South Florida home prices could drop another 30% in 2010
Fortune magazine says South Florida home prices could drop another 30% in 2010
In a recent article released in their December 2009 issue, Forbes Magazine and Economy.com both say that home prices in South Florida (especially Palm Beach and Broward Counties) could drop by as much as 30% from current values for 2010.
Forbes Magazine recently released their 2010 housing outlook, and quite honestly this could come as a big punch in the gut for many people who believe the markets are improving and are often heard saying that ”prices will come back” and this is big cause for concern to many of the Realtors and Mortgage Professionals that we speak to on a daily basis.
