I am really curious as to why home prices have gone down so much in the past 30 days.

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What has happened to cause this quick reduction in prices.  Is it because there are a over whelming number of foreclosures the past month?
Question refers to 10 Guinevere Rdg, Cheshire, CT 06410
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0Yes

January 01 2010
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I've spoken to several bank managers over the past year. Cheshire has a very large amount of mortgages that are under water and in danger of default. There have been a growing number of short sales too.
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February 11 2010
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January 06 2010
 

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