2006-10-16 02:09:38 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
That depends on where the market is located. In a high demand area, it may not have slumped. In others, it may not have gone up in the first place.
The article below comes from the Wall Street Journal, and says that some markets may take 2-3 years to recover.
2006-10-16 02:17:31 · answer #1 · answered by Ralfcoder 7 · 0⤊ 0⤋
The real estate market operates on 5-year cycles. We have been in a slow down for the past 2-years so the market MAY recover in another 2-3 years time. Of course, other changes in the economy mar affect the speed of recovery andf either quicken or slow down the market e.g. increases in interest rates can push the recovery further out than predicted....
2006-10-16 10:21:59 · answer #2 · answered by boston857 5 · 0⤊ 0⤋
What is it recovering from?? The answer to that is a dishonest market, yep they made the bubble and the market is correcting the bubble. This would all stop if the market was open fare and honest. What other investments are so unregulated hum what does that smell like. Bad information,a dishonest market , a big bubble, Enron,world com and some of the other big crashes. Check out this web site and understand what was done.
http://www.breakingbubble.com/index.htm
2006-10-16 23:11:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
April 14th, 2008
2006-10-16 20:27:40 · answer #4 · answered by greenshirt 2 · 1⤊ 0⤋
i think it is april 14 2008 too ... just kidding. the truth is NOBODY can honestly answer that question. if they could they wouldnt be on Yahoo Answers they would be on Oprah as a physcic.
if you are thinking of buying or selling a house the bottom line is there is no time like the present.
good luck
2006-10-16 22:47:28 · answer #5 · answered by Anonymous · 0⤊ 1⤋