Property Values – Magic Ball?
As property values continue to decline, the accurate prediction of their true and actual values becomes difficult due to the many factors that used to be stable enough for proper statistical analysis. Most industry experts in the US agree (over 90%), that property values will continue to decline this year as the economy continues to be rocked by bank collapses and other negative effects the recession is having on the global market. The US and EU are all undergoing economic reforms to improve their respective economies putting emphasis on their local markets. (more…)