are house prices going to go up or down?

Answer 1

up up up

Im in Home Finance.

Answer 2

It really depends on where you live. Home valuations fluctuate wildly from one place to another- city to city and state to state. Its possible that on both the East and West Coast, in the short term, we could see a drop in home values, as these markets are overheated, and have reached a point where many buyers cannot afford to purchase. However, in the middle of the country, where most places havent had home values hump up so crazily, you can anticipate another year of steady, 4-8% price appreciation. There are a lot of factors that go into a question like that- even in a city prices can vary widely, as maybe a major emplyer is laying off in a specific part of town, which leads to a temporary pirce drop in the part of town where a bunch of the affected employess live. Overall though, dont expect to see the price appreciation we have seen over the last 5 years, it cannot and is not continuing

Answer 3

Home prices are now so exorbitantly high that the market has slowed substantially in our area.

We are in a transition phase where realtors and sellers are in the state of mind that if they keep their listings high, eventually someone will buy. Most buyers are now priced out of the market. As a consequence, real estate sits on the market for a long, long time.

Home prices are coming down and will continue to do so.

Answer 4

The market correction is beginning. Houses are now starting to take longer to sell. I'm seeing more houses with "Reduced" signs in the front yard. The next three years should be flat or reduced. The stock market went through this type of correction about 5 years ago and now its time for the real estate market to do the same.

Answer 5

Well I live in King George, Viriginia and the house prices around here are definitely going up. I think the rise of house prices for my area is going up because we seem to be getting a lot of people from Northern Viriginia coming here to live and will pay that money for a house, but they don't think about the people that have lived here all their lives and it makes it harder for us to move to a new house in the same area because builders and real estate now know they can get more money for houses because of the people north of my area coming here and paying that.

Answer 6

Nothing last forever and the housing boom is no exception. It has already lasted far longer that most people expected. The only real question is when it will bust. It may go own for a few more years or crash abruptly. But it will bust at some point.

Answer 7

It depends where you live. In NJ the prices of houses began to decrease as the sellers out number the buyers. Right now its a buyers market.

Answer 8

It depends on the state. Like in NY, Prices are nuts here.

Answer 9

Housing prices are always go up..........
An advice a father to his son......
Buy land son, God has finished making earth but he is still making people.

Answer 10

Up. As is the price of everything.

Answer 11

the house price depends on the condtions of the house location of house.
so we cannot tell weather it is going upordown