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Answers (16)
- Vince Curtis, "SoCal Appraiser"
- Contributions:4699
Continued declining values... (excpect from my house of course)
- Dan, "the_country_hick"
- Contributions:4695
I get the same feeling I have since 2008. Prices are falling and waiting makes the most sense. Once interest rates rise houses will become unaffordable at todays prices.
- Cheryl Talbot Real Estate, "Virginia Beach Homes"
- Contributions:674
In the Hampton Roads Metro Region we feel as though 2012 will continue to bring new buyers into the home ownership marketplace. The homes prices certainly have adjusted. The rates are unreal to say the least. We are finding many first time buyers who do believe in the American Dream. There are plenty of homes selling here. I hope for everyone we see a year of improvement and the possibilities of realizing the dream. For sellers if the home is priced right and in good condition with updates throughout, we are seeing them sell. Pricing and condition go hand in hand today. Keep believing in tommorrow. We will overcome these challenges too!!
- Angie Boggeman, "angie boggeman"
- Contributions:469
Things are picking up. Especially with number of purchases. I am hoping that the rise in values will follow.
- Tug of War
- Contributions:1949
Wow..This is the First year Agents have posted they were optimistic the coming year would see stabilizing prices, demand & interest is stronger, trend up, great year...since 2006, 2007, 2008, 2009, 2010 & 2011
Probably nailed it again..Good time to Buy
Probably nailed it again..Good time to Buy
- Steve Wiederin, "stevegwiederin"
- Contributions:50
In our market in Des Moines, Iowa, I feel that we are starting to stabilize and will hold steady through 2012. I'm hopeful that will continue to talk about positive numbers through the year. Demand and interest have been stronger during the holidays compared to previous years
- Wes Black
- Contributions:509
Our prices are stabilizing in Louisville, Ky. I believe that our local market will trend up throughout the year. Significant interest in buying is already evident, even in January. Wes Black Semonin Realtors[contact info deleted by Zillow moderator. Please refer to our Good Neighbor Policy for posting guidelines]
- SteadyState
- Contributions:783
Not very hopeful - today CNBC noted that the increase in holiday shopping was with credit cards during the exact period when income remained flat. Guess what will happen next?
- Gary Bell, "Gary Bell"
- Contributions:45
This is gonna be a great year!
- Phil
- Contributions:67
I'm hoping Publix doesn't run out of Alka Seltzer.
- Sharon Lewis, "Sharon Lewis"
- Contributions:3917
Quite optimistic in the Greater Triangle area....Raleigh,Durham,Chapel Hill. However, that does not mean you should not approach every purchase with a cautious eye to the price. We are seeing certain communities selling out quickly (with what is considered good school districts) Its local....real estate, right? If you are purchasing, do your homework, be diligent and try to figure out how long you intend to stay in the house.
I think there are a lot of areas that are incredible purchases now, for the long term.
I think there are a lot of areas that are incredible purchases now, for the long term.
- Hank Miller, SRA, ABR, "BrokerAppraiser"
- Contributions:593
I'm a broker as well as a very very busy foreclosure appraiser in metro Atlanta, I don't see any recovery this year. The economy and consumer confidence is at the base but Atlanta has significant distressed inventory and is swamped in excess inventory. There are pockets - mainly on the north side - but when viewed as a "whole", Case Shiller will not be kind to Atlanta. If you get closer, areas showing stability will be Alpharetta, East Cobb, Johns Creek, Roswell....but to find psuedo solid ground you need to get close.
- Mary Lynn Durfee, "MountainLakesRE"
- Contributions:2
Mack, thanks for asking! It's my opinion that we will see the scales going back and forth. Bubbles in certain areas and declines in others. Success and failure in the same industry - on large and small scales. I see a very mixed bag. Depending on the location; i.e. farm land in Iowa has appreciated 23% in this market. I think the rural areas will continue to grow and hold their value and the city markets will continue to decline in price, but sales will continue. Safer areas that don't get hit by natural disasters or have nuclear plants nearby will become more popular to the wise seniors/retirees. After all, real estate is an investment and you need to own it in a "safe place". Hard assets like real estate are the best investment, the return is not $0 ever - as opposed to the stock market and even lately we've seen even gold can just disappear (CF Global)! Typically an election year is slower, but I think this year will be buzzing in one place and dead in another.
- ConnieK_ppm
- Contributions:97
I see it improving as long as job market keeps improving. Don't expect a boom, just a steady even pace with a little improvement.
- Michael Emery, "MikeEmery"
- Contributions:7297
Cautiously optimistic.
- Mack McCoy
- Contributions:1115
I feel good, Mary Lynn. What about you?
How are you feeling about Real Estate in 2012?
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