DC, San Francisco & Chicago Real Estates Expected to Rise (home, prices)

[eastguy]

Here's a small glimmer of hope on the housing front: Futures traders are betting that home prices in San Francisco will start soaring again by next year -- as much as 10.8 percent by August 2009. The projected increase might have to do with the resilience that some high-tech companies in the area are demonstrating. Traders also see prices climbing in Washington, D.C., and Chicago.

[koolshundle]

DC tends to be pretty recession proof with all the govt jobs. Chicago's economy is probably the most diversified in the country, and the Chicagoland is always growing. And SanFran is pretty high tech.

Makes sense.

[downtown1]

Really? the forecast does not look so optimistic for all major cities according to Moody's Economy.




Prices to fall here less than other cities: forecast - Chicago Real Estate Daily

[18Montclair]

I must admit. For all my bragging about home prices being so exorbitantly high here, I sorta like the fact that prices have fallen significantly in many areas around SF Bay. 60% of California households can today afford the median home price in the state and that is pretty cool. Too bad its under such horrible circumstances.