November 23, 2008
The correlation seems pretty obvious: Price declines in a city = much higher sales. Price maintenance or gain = lower sales. But from the excerpts below, we can see it's actually happening. Foreclosures appear to be the principle reason for dramatic price declines nationwide. But there's no denying that the hardest-hit cities in Florida, California and Nevada are staging sales rallies as prices fall and houses become affordable again.

In fact, price declines and rising sales are being reported all over the U.S., and flat prices or gains are causing declining sales. The NAR reported both sales and price declines all over the U.S. So will the S&P Case/Schiller report coming out this week show a new trend is emerging?