Home Clearance Sale Coming From “Desperate” Sellers

The CEO of the real estate website Trulia says that home prices could resemble a “clearance sale” this summer as sellers become even more eager to sell their homes. Since prices continue to decline, Trulia predicts that sellers will want to sell before prices drop even further. Some REO houses are selling at a 50% discount. This article also covers factors affecting market trends, including tight credit and unemployment rates. See the full article.

SOURCE: CNN.com, 6/1/11