Home prices will continue to fall, and fewer people will buy4 of 7House prices are likely to continue falling in many major markets, according to PMI, a mortgage insurer based in Walnut Creek, Calif. PMI's quarterly housing risk index predicts that in 32 of the top 50 metro areas, house prices will be lower in two years than they are now.The MBA projects sales to fall off after June, even though summer is the traditional homebuying season. Koss, of Mortgage Network, worries that "it's going to be a long, quiet summer." Related Articles:Buying your first homeFixing 3 FHA loan snags3 types of mortgage loansSelling in a soft marketRelated Links:7 keys to FBSO successPick a real estate agentClosing a home sale fastFight low home appraisal advertisement
House prices are likely to continue falling in many major markets, according to PMI, a mortgage insurer based in Walnut Creek, Calif. PMI's quarterly housing risk index predicts that in 32 of the top 50 metro areas, house prices will be lower in two years than they are now.
The MBA projects sales to fall off after June, even though summer is the traditional homebuying season. Koss, of Mortgage Network, worries that "it's going to be a long, quiet summer."
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