Aug 11, 2010
Are home prices still too high?
Some economists see the direction of home prices as a key factor for the fledgling economic recovery. The big question both sellers and buyers want to know is with prices down almost 30 percent over the past three years, have they reached the bottom yet? Dr. Mike Walden, North Carolina Cooperative Extension economist in the College of Agriculture and Life Sciences at N.C. State University, weighs in.