Posted on: 23rd Jul, 2009 12:06 pm
How much more are the properties value going to go up.
Nobody knows, it all depends on local market conditions... values could continue to decline... there are areas however that are appreciating.
Keep in mind that recent trends on average home prices have gone up mainly due to the fact that foreclosures are rising on high end properties... and if a 1 million property sells for 500k then the median home price will go up even though comparatively the values of homes is going down.
Hope that isn't too confusing...Let me know if you need me to clarify
Eric M.
Keep in mind that recent trends on average home prices have gone up mainly due to the fact that foreclosures are rising on high end properties... and if a 1 million property sells for 500k then the median home price will go up even though comparatively the values of homes is going down.
Hope that isn't too confusing...Let me know if you need me to clarify
Eric M.
ar3797@verizon.net
welcome to mortgagefit..
Prices will surely rise...............but nobody knows when....and by how much percentage...
keep in touch......
:arrow: :arrow: :arrow:
welcome to mortgagefit..
Prices will surely rise...............but nobody knows when....and by how much percentage...
keep in touch......
:arrow: :arrow: :arrow:
real estate is cyclical. things change for the better, followed by change for the worse, followed again by change for the better and so on and so on. we anticipate this to repeat itself again. how quickly? we don't really know.
