236 Fairmont Drive Grass Valley Ca
February 11, 2012
The home you’ve been waiting for, in desirable Morgan Ranch. Minutes to downtown Grass Valley & Nevada City, close to the high school, college, hospital & stores. This home has been wonderfully updated and features an open kitchen with granite slab, detailed cabinets, stainless steel sink and beautiful tile floor. The large living room has a vaulted ceiling & offers an area for an extended dining table, or expand your living space by using the comfortable eat in kitchen. The downstairs master bedroom features a custom built in dresser & the remodeled bathroom offers his and her sinks, custom cabinets & heated towel rack. There is a half bath downstairs & two bedrooms and hall bath complete the upstairs. Cabinets & workbench in the garage.
Study Reveals Main Culprit Behind Falling Home Values
February 3, 2012
Daily Real Estate News | Friday, February 03, 2012
Blame it on distressed sales for falling home values, according to CoreLogic’s December Home Price Index.
Home prices nationwide dropped nearly 5 percent from 2010 to 2011, but if you exclude distressed sales, prices dropped only by 0.9 percent, according to CoreLogic.
Foreclosures continue to hamper neighboring property values.
“Until distressed sales in the market recede, we will see continued downward pressure on prices,” Mark Fleming, chief economist of CoreLogic, told AOL Real Estate.
The states that saw home prices decline by the largest amounts since the housing peak are Nevada, Arizona, Florida, Michigan, and California. All five states have a high rate of foreclosures too. Nevada, which has the highest foreclosure rate in the country for the last several years, saw home values fall 60 percent since the peak.
