Real estate experts, what do you expect to happen to house prices in the next two years?
Posted on May 24th, 2010 in Renting & Real Estate | 2 Comments »
af asked:
Will house prices slowly increase again, along with interest rates? Or will the house prices remain steady while the interest rates change significantly? I don't know much about real estate or the economy, but I know plenty of people have great knowledge in these areas.
Marathon Fl Keys Rentals
Will house prices slowly increase again, along with interest rates? Or will the house prices remain steady while the interest rates change significantly? I don't know much about real estate or the economy, but I know plenty of people have great knowledge in these areas.
Marathon Fl Keys Rentals
2 Responses
Mar Vista Real Estate
Interest rates are NOT going to fall any further.
If anything, interest rates could easily double in the next 5 years.
We could go into a further slump if no more tax credits are handed out for buying a house. But after that – the market will start stabilizing.
Note: 26% of homes currently bought are being paid for in full cash – no loans.
/
Larchmont Ny Real Estate
I believe that prices will remain steady while interest rates will be more volatile. I suspect 6% is in the very near future.