The Cry Baby is on sabbatical ....

Tuesday, April 19, 2011

Interactive map shows home price reductions across the U.S.

This is a very cool interactive map by real estate listing site trulia. You just plug in your zip code, city or state and it shows you the average number of days before a price reduction, the average percentage of the reductions and the likelihood of a second reduction – valuable information if you are selling your house or just trying to figure out how marketable your property is. Perhaps a good time to be a buyer, but as a seller it's still an incredibly tough market. Bloomberg reports:

"At the end of 2010, the fourth year of the housing collapse, the share of people who said a home was a safe investment dropped to 64 percent from 70 percent in the first quarter. The December figure was the lowest in a survey that goes back to 2003, when it was 83 percent.

The median U.S. home price tumbled 32 percent from a 2006 peak to a nine-year low in February, data from the Realtors show. The retreat surpassed the 27 percent drop seen in the first five years of the Great Depression, according to Stan Humphries, chief economist of Zillow Inc., a Seattle-based real estate information company." 
  Click on the map to go to the interactive version.


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