2007-11-05 11:41:14 · 5 answers · asked by ROBERT C 1 in Business & Finance ➔ Renting & Real Estate
YES in many areas. 12-24 months.
2007-11-05 11:45:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Depends on where you are or where you are looking. There are some areas that haven't had any decline in the past couple of years.
Home values in areas that had really fast price appreciation (Las Vegas, most of California, Miami, lots of other places in FL, etc.) still need a few years to clear out the hangover. Then I suspect a lot of those areas will be stagnant for a while. I would guess another 12-24 months in those areas.
Areas like Raleigh, NC and Portland OR are going to appreciate ~8% this year and did last year too!
good luck!
2007-11-06 10:03:08 · answer #2 · answered by Rush is a band 7 · 0⤊ 0⤋
Yes they will be for maybe 2 more years then look for prices to level off. They might begin to increase in value little by little butthis is dependent on how well the economy is doing then. If millions are laid off, the slump will continue. We are basically facing a recession albeit not an official one as of yet.
2007-11-05 20:15:45 · answer #3 · answered by Your #1 fan 6 · 0⤊ 0⤋
Ah, the million dollar question.
2007-11-05 20:17:09 · answer #4 · answered by Tim 7 · 0⤊ 1⤋
i really wish to know too!!!!
2007-11-05 20:33:38 · answer #5 · answered by Anonymous · 0⤊ 1⤋