Real Estate today
So where are we now?
Thats a complicated question actually. I believe home prices will continue falling just not as quickly. I think sales will start to increase but the major boom of customers won't be here in 2009.
At this moment, we have inventory excesses of existing and new homes while a bad economy and credit crunch are simulataneously happening. So you should expect prices to fall.
Do I think prices will eventually increase, of course. Just at a more reasonable pace.
This is Nan Woodward's comments for today.
Thats a complicated question actually. I believe home prices will continue falling just not as quickly. I think sales will start to increase but the major boom of customers won't be here in 2009.
At this moment, we have inventory excesses of existing and new homes while a bad economy and credit crunch are simulataneously happening. So you should expect prices to fall.
Do I think prices will eventually increase, of course. Just at a more reasonable pace.
This is Nan Woodward's comments for today.
Labels: finances, real estate foreclosures, real estate investing advice, real estate market
posted by Nan at 12:34 PM
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