2007-11-18 17:26:59 · 4 answers · asked by burlingtony 2 in Business & Finance ➔ Renting & Real Estate
With the decline in the value of the United States dollar, property in the United States will start to look cheap to foreign investors.
I expect that you will see foreign investors buying real estate in the United States on a large scale fairly soon.
That will provide a source of buying power in a market that is glutted with real estate and relatively few buyers..
2007-11-18 17:53:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Prices should stay pretty even now that the dollar is sliding so fast.
Those who cached their money in other currencies will start buying U.S. real estate after the dollar bottoms out. It will take years for wages to catch up with the massive inflation that has started, if ever.
The money changers may have killed the goose this time around.
2007-11-19 01:44:33 · answer #2 · answered by ? 5 · 3⤊ 0⤋
Location will determine; inland waterfront & coastal areas maintain consistently high values. Disaster struck areas will have artificially inflated prices until stability reigns so that is a seller's market.
Economic cycles typically turn around every 20 years but spike in the US during an election year; 2008 is just around the corner!!
2007-11-19 01:34:32 · answer #3 · answered by fiveft2eyzblue 1 · 0⤊ 2⤋
I think you'll see housing prices remain flat, or slightly decrease for another year, then start back upward at a normal 5% a year or so.
2007-11-19 01:32:58 · answer #4 · answered by Uncle Pennybags 7 · 0⤊ 0⤋