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Answers (3)
- Nick & Maria Marchisello, "Nick Marchisello"
- Contributions:26
If only I had a crystal ball....no one knows for sure, but my guess is it will still be a buyers market.
- Dan, "the_country_hick"
- Contributions:4700
For 2 years time they will drop even lower. Even if they somehow did manage not to drop they would not rise much if at all. There is no reason to hurry with a buying decision unless you want only THAT property and no other.
Renting could cost more but buying a house will be cheaper. They are still overpriced by historic norms.
Look at this to see why this is likely. House prices went into a bubble. Bubbles live and die in a well defined way. This shows what that looks like.
Do you know what the housing bubble really looks like? ... - Zillow Real Estate Advice
The rest below simply show some people saying prices should drop and their reasons why.
Peter Schiff: Here's Why Home Prices Have To Decline At Least 20% And Probably More
Gary Shilling: House Prices Will Drop Another 20%
10 Key Charts to See Before You Buy or Sell Your Home « Real Estate Prices & Mortgages on HousingStory.net
The Fallacy of a Pain-Free Path to a Healthy Housing Market - Economic Letter, December 2010 - FRB Dallas <--- the federal reserve. They print the money.
Renting could cost more but buying a house will be cheaper. They are still overpriced by historic norms.
Look at this to see why this is likely. House prices went into a bubble. Bubbles live and die in a well defined way. This shows what that looks like.
Do you know what the housing bubble really looks like? ... - Zillow Real Estate Advice
The rest below simply show some people saying prices should drop and their reasons why.
Peter Schiff: Here's Why Home Prices Have To Decline At Least 20% And Probably More
Gary Shilling: House Prices Will Drop Another 20%
10 Key Charts to See Before You Buy or Sell Your Home « Real Estate Prices & Mortgages on HousingStory.net
The Fallacy of a Pain-Free Path to a Healthy Housing Market - Economic Letter, December 2010 - FRB Dallas <--- the federal reserve. They print the money.
- Mya Berlyant, "MyaBerlyant"
- Contributions:266
That is a million dollar question. Some people believe it's still going to dip again and some believe it's slowly inching forward...
what will housing costs do in next 2 years?
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