We've reached the bottom (2013, prices, cost, house)

[Lulu101]

I can't reveal my sources, but RE prices should be heading back up this spring

[Bette]

Even if they stay steady, that would be good

[High_Plains_Retired]

Originally Posted by Lulu101

I can't reveal my sources, but RE prices should be heading back up this spring

I hope not. Prices in west Texas haven't dropped yet and I'm looking to buy this spring around Lubbock. On the other hand, I'm selling a house in New Mexico. Geez, now I'm confused.

[ylisa7]

And what will the cost be to the American people? You may well be right but I find it hard to believe. Many, many homes are still unaffordable to the majority of people.

Only time will tell. I still think the boom areas have longer and farther to go down.

[suki03]

Is your source God himself?

[tony23]

Originally Posted by Lulu101

I can't reveal my sources,

That's OK, my crystal ball says the same thing.

[SoCal Bottom Rider]

2005: 'but RE prices should be heading back up this spring
2006: 'but RE prices should be heading back up this spring
2007: 'but RE prices should be heading back up this spring
2008: 'but RE prices should be heading back up this spring
2009: 'but RE prices should be heading back up this spring
2010: 'but RE prices should be heading back up this spring............................................ .................................................. .................................................. .................................................. .................................................. ...............................................

[tamitrail]

Originally Posted by Lulu101

I can't reveal my sources, but RE prices should be heading back up this spring

I don't necessarily believe you because "your sources" cannot possibly know that, but thanks for the positive thinking thread.

[PotterGeek]

As much as I would like to just see some "stability" in prices, I think prices "going up" next spring is about as believable as the tooth fairy.
When we hit a bottom, you will know it. And we will see flat prices for a long while before any increase....

[Humboldt1]

Lulu,

Please let us know your source and we will know who not to take advice from.

Spring 09 recovery when all 20 major metros are showing price declines?

I wish this were true. Sadly, prices are going to continue to go down for awhile.

Spring 2010 is an optimistic price bottom, with a slow recovery after flat prices.

I don't think we will see any meaningful recovery until 2012-2013.