BobMortgage Zone: What About All of Those Price Reductions?

According to a recent report from Zillow, a significant number of markets across the nation are seeing price reductions across all ranges. Is that a sign of depreciation? What can buyers and sellers expect when it comes to the bidding process?

In this weeks BobMortgage Zone episode, Bob Johnson (AKA BobMortgage) tells us what these lower listing prices and “corrections” are — and especially what they aren’t. Get the pulse of the real estate market with Bob Johnson, senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk.