Reply With QuoteCNN just said it might be.Market went up 3.4 % in november.Sure its not much,but it went UP not down,and that was november,usually a bad month
Probably nationally, the western states still appear to be in a funk.
CNN just said it might be.Market went up 3.4 % in november.Sure its not much,but it went UP not down,and that was november,usually a bad month
CNN just said it might be.Market went up 3.4 % in november.Sure its not much,but it went UP not down,and that was november,usually a bad month
Probably nationally, the western states still appear to be in a funk.
CNN just said it might be.Market went up 3.4 % in november.Sure its not much,but it went UP not down,and that was november,usually a bad month
The housing market will follow the same trend as mortgage rates.
Rates have been falling and are supposed to continue to fall until Feb.
If/when they go up the housing market will go down/slump again.
Id buy right now on the west coast,if I had your money
Its not over yet... Atleast not in CA.
The housing market will follow the same trend as mortgage rates.
Rates have been falling and are supposed to continue to fall until Feb.
If/when they go up the housing market will go down/slump again.
Bingo
Just the beginning of it. Even the NAR is predicting houses prices to fall through 2007.
The housing market will follow the same trend as mortgage rates.
Rates have been falling and are supposed to continue to fall until Feb.
If/when they go up the housing market will go down/slump again.
Yes they have been fell but the true test will come in March when the Fed's cut the interest rate. If that doesn't happen then hard time come.
No
I think there will be a return to a more normal market. Don't forget that the past 5 years have been an incredible anomoly in residential real estate. It won't go back to big year over year returns like we recently had except in limited markets.
People are buying, and are getting decent deals. But there is more supply demand and downward pressure will continue until they equal out. Lots of folks are in over their heads, and they will be shaken out of the market.
The big banks economists expect foreclosures to accelerate and continue for several more years. But that doesn't mean the markets will necessarily be down. They are cognizant of not pushing down market prices.
Rustbelt will continue to decline, retirement areas will do better. America is aging and the number of folks retiring over the next 20 years will be amazing. Invest in those areas, New mexico, texas, AZ, florida, wherever the blue hairs go now, they will continue to go, and over time those areas will increase in price. Buy parcels on the outskirts of town....hold and rent it out to cover costs. 20 years from now you will be quite wealthy.
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