will the cost of house prices go down by??
2007-12-10 18:15:05 · 2 answers · asked by helenae w 1 in Business & Finance ➔ Renting & Real Estate
According to the articles I've been reading on MSNBC, 2008 will be the bottom of the barrel for real estate prices...dropping anywhere from 15% to 40% from the peak of the 2004-2005 timeframe. 2009 should be the beginning of increases and 2010 should be the first full year of increases and the return of stability to the real estate market.
2007-12-10 20:22:37 · answer #1 · answered by NunyaBizzness 4 · 0⤊ 0⤋
Much depends on where you live. Contrary to popular opinion, much of the nation is not in any sort of a major real estate crisis. I live in Wisconsin, and we have seen less than ten percent price drops from the highs of a few years back. Prices at this time are stable and not expected to drop significantly further.
Some areas of the nation are still experiencing a real estate boom, with prices still on the rise. Yet other areas are right down in the pits, with substantial drops (30%+) from previous highs, and little end in sight to the problem.
You should guide yourself by the area in which you are considering action regarding real estate. You might find a picture quite different from that which you near on national news.
2007-12-10 23:00:26 · answer #2 · answered by acermill 7 · 0⤊ 0⤋