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Old 04-16-2010, 12:37 PM
 
1,963 posts, read 4,686,031 times
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What do you think will happen to the housing market this summer? Will it stay the same as it is now? In my area, it is very slow and not much happening.
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Old 04-16-2010, 12:46 PM
 
1,842 posts, read 1,611,293 times
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My predictions for the housing market are this.

The foreclosures will drive the housing prices down. They should end up below the starting point for the bubble. How long it takes to get there is a matter of how effective government interference is. The more effective the longer it will take. The only thing that will stop the housing prices from falling is inflating wages to match the housing prices.
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Old 04-16-2010, 12:47 PM
 
Location: Earth
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Wouldn't this be better placed in the folder for your area?
Every city/county/state is different.
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Old 04-16-2010, 12:50 PM
 
1,842 posts, read 1,611,293 times
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Quote:
Originally Posted by chielgirl View Post
Wouldn't this be better placed in the folder for your area?
Every city/county/state is different.
The entire market is nationally driven and even thow each lokal is different they are all being driven by the same Macro economic forces.
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Old 04-16-2010, 12:58 PM
 
Location: Raleigh, NC
20,002 posts, read 17,070,066 times
Reputation: 3786
down, down, down...

(salivates over upcoming bargains)
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Old 04-16-2010, 01:05 PM
 
Location: The ends DO NOT justify the means!!!
4,782 posts, read 3,481,564 times
Reputation: 1336
Prices still have a long, long, long fall before they reach a sane value.

http://graphics8.nytimes.com/images/...aph2.large.gif

http://upload.wikimedia.org/wikipedi...E2_Fig_2-1.png
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Old 04-16-2010, 01:29 PM
 
Location: Long Island
28,557 posts, read 16,473,958 times
Reputation: 7951
depending on the area, and what is going to happen to the area either up or down

long island is still way overpriced...especially for an area with no industry other than finacnce and medical

ft. Bragg area of North Carolina will BOOM in the next year, with the BRAC changes
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