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Answers (4)
- Dan, "the_country_hick"
- Contributions:4699
I would not expect prices to rise any time soon. To see why look at the 2 links below.
This shows how a bubble in prices formed and how bubbles normally die.
Do you know what the housing bubble really looks like? ... - Zillow Real Estate Advice
Even the federal reserve knows that property prices are to high and must fall.
The Fallacy of a Pain-Free Path to a Healthy Housing Market - Economic Letter, December 2010 - FRB Dallas
We may see prices improve after 2014 but that does not mean the high prices of the past will return.
This shows how a bubble in prices formed and how bubbles normally die.
Do you know what the housing bubble really looks like? ... - Zillow Real Estate Advice
Even the federal reserve knows that property prices are to high and must fall.
The Fallacy of a Pain-Free Path to a Healthy Housing Market - Economic Letter, December 2010 - FRB Dallas
We may see prices improve after 2014 but that does not mean the high prices of the past will return.
- Sharon Lewis, "Sharon Lewis"
- Contributions:3923
I agree, ask a local commercial realtor for an evaluation of the property or get it professionally appraised to discover the current value of your property.There are areas of the country that have stabalized including some areas in Florida, California and in your state. We are starting to see prices come up again, in certain areas. Very positive signs.
- Jonathan Clement, "JCLEMENTREALESTATE"
- Contributions:10
Based on the info you should consult with a local commercial real estate expert to see what his professional opinion is.
- Jonathan Clement, "JCLEMENTREALESTATE"
- Contributions:10
Depending on the market area some areas have stabalized based on nthe supply and demand of that area. Areas with an abundance of inventory could still take months or even years.
When will the markets get any better?
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