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News Link • Housing

The Truth About The 'Housing Bottom': Home Prices Across The Northeast Are In Total Freefall

• http://www.businessinsider.com, Keith Jurow
 Many of these "experts" have skin in the game and hope to lure you back into the market. They base their assumptions on the fact that housing prices seem to be falling more slowly. They're not. Take a look at these shocking numbers I uncovered in the last two weeks:

SINGLE-FAMILY HOME PRICES IN THE NORTHEAST
February 2012

Location Avg. Price Per Sq. Ft Change from Feb. 2011

Connecticut

Fairfield County $260 down 16.6%
City of Bridgeport $86 down 17.3%
City of New Haven $88 down 31.2%
City of Hartford $72 down 10.1%

Westport $311 down 30.3%
Greenwich $481 down 34.8%
Darien $354 down 19.3%
New Canaan $371 down 10.1%
Branford $126 down 41.4%
Glastonbury $161 down 19.1%
Simsbury $129 down 13.2%

1 Comments in Response to

Comment by Treavor Presentlyinphoenix
Entered on:

Across the Northeast? The towns indicated are all in Connecticut. But man oh man, some of the hardest hit towns are the wealthy ones. The really wealthy ones. Wealthy like you see in movies wealthy.


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