Home Price Cuts, They're Steeper Than You Think

Researching a story in the latest issue of the magazine on Great Places to Retire at Bargain Prices I was surprised by some of the steeps discounts that homes were selling for. Nationally, home price stats don’t seem near as grim. The latest numbers from Dataquick for Southern California, for example, show a 4% decline to $462,000 in September. Out in the real world, however, you can find much steeper discounts.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.