Tag Archives: Naples price decline

Prediction: home prices will bottom out at end of 2009, 2010 or 2011

That’s pretty safe, eh? But this Moody’s report predicts that those areas already hardest hit by foreclosures and lowered prices will hit bottom in the last quarter of 2009 while other markets just entering the morass (that would be Greenwich) will continue to decline until 2010 or longer. Attention Greenwich/Naples residents: Moody’s predicts Naples prices to settle 70% down from their peak. Owie.

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