Where Home Prices are Likely to Rise
Posted by: gardnergroup in Property Value, Home Selling, Home Buying on Oct 15, 2009
from Forbes.com
Though home prices in many areas still have room to drop, economists say some of the country's real estate markets are showing early signs of repair. A two-year slide in values has eased its stomach-turning pace, and some analysts expect the national market to bottom out by mid 2010.
That's the good news.
But just as subprime lending, the housing bubble and the country's subsequent wave of foreclosures had distinct consequences in separate areas of the country, the recovery will also look dramatically different by region.
When prices do rise, they'll inch, rather than soar, and some areas won't match their pre-bubble prices for a decade, according to home price forecasts by Moody's Economy.com.
Read the rest of the article here
TrackBack URI for this entry
