Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.
Some have predicted as early as 2010 while others have predicted as far out as 2014 before bottom is reached.
In a normal market, appreciation runs from 3-6 percent. What happened in the bubble was appreciation way above that, in some cases more than 20% per year.
So if values drop 10% per year for 3 years, the market gets back to normal it will take many more years at 5% to reach 2005 prices. In some places they are falling or have fallen by more than 30% already and will continue downward. You can see that prices will remain below 2005/2006 peak prices for many years. At least they should.
advertisement
... and, it's free and anonymous
Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy
How long till Delray Beach FL housing market a)hits bottom and b) re-eclipses its 2005 peak?
sponsored by
BigBalla
Contributions: 4
View full profile
If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.