2006-12-26 16:08:13 · 6 answers · asked by my2oreos 1 in Business & Finance ➔ Renting & Real Estate
great
2006-12-27 03:12:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
In California, a lot of Realtors are anticipating things coming back and prices increasing. We've seen a slight down turn in prices (sellers are more willing to offer incentives to sell their properties - paying closing costs, lowering their prices). I haven't seen anyone lose when it comes to real estate (that is if they don't do a negative amortization loan - tickler rates of 1 to 4% for the first year). If you buy and obtain a loan the smart way, you can't lose.
2006-12-27 01:19:45 · answer #2 · answered by Martini Babee 4 · 0⤊ 0⤋
Nobody knows for sure. I think it's going to be down. How much and for how long is anybody's guess. Traditionally the low is 60%
of the high. That doesn't mean that will be the case this time. You never know anything for sure until it happens.
2006-12-26 16:13:23 · answer #3 · answered by Big R 6 · 0⤊ 0⤋
The real estate market should be ok next year as interest rates come down.
2006-12-26 16:15:39 · answer #4 · answered by nickfromct 3 · 0⤊ 0⤋
In New England I'm seeing about 3% off from last year so far.
2006-12-27 02:23:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋
depends on the location...some areas like CA, NV, AZ, are prone to lose more than others
2006-12-26 19:39:14 · answer #6 · answered by avatar 2 · 0⤊ 0⤋