11 August 2009 – After appraising property in Lakeview as well as running a declining market analysis I have found some interesting statistics. Three bedroom duplex units had declined at a rate of 5.82% back in February of 2009. As of August, 2009 the same homes in the same area has declined approximately 3.81%. This is an indicator that the market in Lakeview is on its way back to stabilization. Does this mean we are out of the woods? No, definitely it doesn’t. There are many factors at play. The Fed is still modifying the HVCC program as well as FHA guidelines. This stabilization is good news for now. We just need to be patient and wait to see what will happen in the next month or two.Email This Post To a Friend.
Lakeview Shows Statistical Signs of Stabilization
August 11, 2009
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