What’s ahead for home prices?
Posted 01/14/2010 - 15:46 by dickboren
California remains ahead of the nation in market recovery with many first-time home buyers entering the market due to affordable home prices, low mortgage rates, and first-time home buyer tax credits from the state and federal governments. However, credit still is tight and unemployment remains high, which could hinder a full market recovery until 2011. Read More
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I think that it is highly likely that there may be a big upswing in house prices towards the later part of the year. Economic indicators suggest that the economy is beggining to recover, and I predict greater market confidence.
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Home prices are being lowered because if they would not do so, no families or buyers can afford that. Many are unemployed and many are trying to save what is left on their debit cards. So if this economy will still continue to fail then home pricing will surely be sinking as well.
Correct!