I know that no one KNOWS how the real estate market will be in 6 months, but I was just wondering what you predict. I predict prices will drop in some areas and in 6 months, most areas will see a similar market to how it was about 3 years ago...on a steady rise, but nothing too drastic or even noticeable.
2006-10-01 12:45:06 · 8 answers · asked by happymommy 4 in Business & Finance ➔ Renting & Real Estate
The market entered into a correction. It is pretty stagnant. There is many homes on the market and buyers are sitting on the fence because they feel homes are overpriced. I think we will give back a years worth of appreciation. Historically Nov, Dec, Jan tend to be the weaker months and this year it will be the same. By end of spring we will have had enough transaction take place to help everyone know where the market is going and historically that is...up.
2006-10-01 17:47:25 · answer #1 · answered by MainlandMig 2 · 2⤊ 0⤋
Cycles in real estate last longer than stock markets. Given the downtrend has only been in place for about a year, I would say flat to lower in most areas.
I'm afraid those who are predicting a quick rebound, nationally, are overly optimistic. Of course, there are exceptions in local markets, particularly those which have not taken place in the boom over the previous five years.
2006-10-01 19:49:35 · answer #2 · answered by Coffeyvillian 3 · 0⤊ 0⤋
That depends on where you live of course, but in the West it seems
to be dropping steadily. Maybe it will have balanced out by then, but the rampant artificial inflation for so long has left prices that no one can really afford, hence the drop.
2006-10-01 19:49:35 · answer #3 · answered by Anonymous · 0⤊ 0⤋
in 6 months all hell is going to break loose, when people find out that energy is going to cost soon more than the average household can afford. Meaning just like in health,only the rich are keeping warm or cool for that matter.
2006-10-01 19:50:09 · answer #4 · answered by Anonymous · 1⤊ 0⤋
new housing will stall, sales will flatten out for a few years, then begin a gradual increase as time goes on.
2006-10-01 19:47:39 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If you're talking about Safeway, it'll probably be in the same place that it is at now. Why the heck would they move a grocery store, anyway? What are you stupid or something?
2006-10-01 19:47:55 · answer #6 · answered by Anonymous · 0⤊ 2⤋
poorer than it is today, there is usually a let down after mid term elections.
2006-10-01 19:46:50 · answer #7 · answered by Anonymous · 0⤊ 1⤋
very high
2006-10-01 19:52:55 · answer #8 · answered by God Is Love 5 · 0⤊ 1⤋