Miss Know It All
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I definitly think so ... |
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Monca B
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No cristal ball here, but everything is possible.
My guess is within 2 years. |
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witnessprotectionprogram
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When Bush goes away, the housing marketing is going to boom again. |
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JS
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i hope it can wait about 3 years so i can get something nice for less than 500,000 |
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eddie9551
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It cant go on like this forever.
It's due to undergo a price "correction" any day now
Too many home owners are going bankrupt when their ballooning mortgage payments and an over abundance of houses on the market, how can it NOT crash?? |
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justme
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If you ask real everyday people who are getting their houses reposed because their jobs are gone and they have to settle for minimum wage that can in no way pay their bills then Yes. Foreclosure rates are at an all time high and there are no reasonably priced houses compared to the pay that people make. Even rent is ridiculously high. My husbands step father owns a mortgage company and he says that higher priced houses are being put up on the market and it is flooded. People aren't buying and the ones that are are the people buying up foreclosures and turning them into rentals. |
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robertjrussell.com
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In Texas - its up !! |
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RSUM
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Nope, it will comeback strong as ever! |
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Roger C
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According to the most recent data it seems to be stabilizing here at lower levels of activity. It varies by area (the western US looks best). Areas in the "rust belt (Ohio, Mi, Ill) are not doing well.
As long as the economy continues to expand and jobs are available the housing market will be OK. |
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dora v
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everything will begin to improve once we get a democratic president. |
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L J
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According to bankrate.com, the average interest rate on a 30 year fixed mortgage is 5.79%. This would lead me to believe that the market is doing pretty well. |
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Marty S
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Not anytime soon.
Marty |
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Expert Mortgage Banker
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Depending upon what part of the country you are living in, some areas are encountering a decline. I wouldn't consider this a crash.
Job strength is a great indicator for housing. If in your area job strenght is strong, there will be more appreciation than depreciation. I am speaking overall. There are always particular parts of a city or town that this will not hold true for.
Also, job strength is tied heavily to interest rates. Today the job numbers came out favorably. Rates have ticked up.
Visit my blog http://mortgagecounselor.blogspot.com for more info on the markets. |
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iceman
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Nope. We are in the middle of a normal housing fluctuation. Regardless of the media tells you, the US economy is very strong and would not allow for a true housing market crash. And if it were to happen it would be isolated to small individual areas of the country. |
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Alex
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Dude it Already did... Look at Virginia or California eugh. |
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T C
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I dont believe its going to crash but those that did an ARM with thier mortage might be in trouble. |
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