How much worse is the housing market going to get?
Existing home sales down... home prices decreasing at an accelerated rate... I don't believe any of these economists/politicians that are saying the worst is behind us. Anybody agree/disagree?
Answers
3963 points
MNSL answered one year ago …
When there is a more supply and inventories are building up we can not expect increase of prices and sales in the housing market. Still some people are promoting their real estated scheme in some countries.
More than other factors sentiments on the housing market have to be improved if we want to see any type of consolidation in the real estate market. It is same all over the world now.
Now Industrial experts expect more than 50% correction in the property sector in next 2 years in some parts of the world. Further they do not see any recovery in next 05 years. In addition we have to watch baby boomers move in next 03 years.
However we will have to do more research before entering market in the future.
110 points
DaZajn answered one year ago …
Dear Sir, accepting your insight yet disclosing more:
lets say it this siciological market dynamo.
When there aren't = had been million homes for those unviable creddited to move,
government should shift empthy unbought real estate for Community Syndicated
Gov's Aid partaken into. There is perfect timing PC Cain expresses himself publicy.
Under proposal, I back him up..
699 points
7million7years answered one year ago …
The feeling is that the housing market in the US is scraping along the bottom ... spring season seems quiet in my parts (no, I'm not a realtor or agent). We shall see what the next few weeks and months brings ...
But, I see no reason NOT to invest if you are buying a home (just be sure to lock in those interest rates for as long as possible), or can find a rental that you can make cashflow positive and hang on to for the long haul. Then, I think you'll do just fine in any market ...
108 points
norbust answered one year ago …
since we are already in a recession period the housing market will not get worse in a few yrs from now we will see the housing market improve greatly
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