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Answers (3)
Best Answer
- Dan, "the_country_hick"
- Contributions:4699
House prices have fallen since 2006. They will fall further. housing became an overpriced commodity and now they are returning to the historical pricing they should have stayed at.
Peter Schiff: Here's Why Home Prices Have To Decline At Least 20% And Probably More
It is nothing more or less than the market fixing itself. There is nothing else happening except for the fundamentals of economics taking control once more.
Peter Schiff: Here's Why Home Prices Have To Decline At Least 20% And Probably More
It is nothing more or less than the market fixing itself. There is nothing else happening except for the fundamentals of economics taking control once more.
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
That's the right attitude Raven. Enjoy what you have.
Happy funding, Rudi
Happy funding, Rudi
- raven1951
- Contributions:2
Thanks Dan. I didn't really think house prices would drop that much more after 7/09 but I love the house on a lake that I bought then and have no regrets. But I'm VERY glad that even with that drop in value in one year I was still able to refinance from 5.5 to 4.5 in 8/10.
I bought for $190 in 7/09. Refinanced in 8/10 and found my house in z/c 63020 lost $32,000. Why?
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