be a seller's market by 2008???( By then, i will have owned my house 5 years..
2007-01-13 12:25:13 · 7 answers · asked by sweet 4 in Business & Finance ➔ Renting & Real Estate
Real estate is local. What happens in my market might not be your market.
2007-01-13 12:30:13 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Look at the past trends. The market takes about 10 years to go in the favor of sellers again. 2008, it will definitely be a buyers' market.
2007-01-13 21:48:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No one can answer that question! If someone does they are full of it.
The only thing that is for sure is that as of today it is a fact that no more land is being made and we as people keep multiplying. Therefore, by the laws of supply and demand real estate as a whole will always be a sellers market. The economy and the environment will effect areas at times but given enough time the value always catches up.
Michael
2007-01-13 20:34:15 · answer #3 · answered by Bestbank Real Estate 3 · 0⤊ 1⤋
The market values of homes have drastically increased but along with it are the number of foreclosure homes from people getting into mortgages over their heads either with overpriced homes or "creative" adjustable financing where interest rates have gone wacky. This means there will be more inexpensive homes that need to be unloaded. Just live in your home and try to pay it off as quickly as you can to build more equity and then worry about the value if and when you sell it.
2007-01-13 20:31:29 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If interest rates stay reasonable, it is always a Seller's Market for those Sellers who price and prepare and market their properties correctly.
2007-01-13 20:34:17 · answer #5 · answered by hatchland 3 · 0⤊ 0⤋
Market will most likely go down in California or LA area since all the prices are so high
2007-01-13 20:30:45 · answer #6 · answered by Anonymous · 0⤊ 1⤋
I do,nt know I,m from Canada and ours is high there good luck
2007-01-13 21:08:25 · answer #7 · answered by pattibcacl 6 · 0⤊ 0⤋