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Real estate market forecast by state
Old 01-01-2008, 11:13 AM   #1
 
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Real estate market forecast by state

Hottest 10 Real Estate Buyers Markets
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Old 01-01-2008, 12:59 PM   #2
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I know Portland and Seattle and can assure you that anyone who predicts appreciation in 2008 is smoking something other than tobacco.

It is a buyers market to be sure, there are lots of homes to choose from. Be sure to sell the one you have first.
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Old 01-01-2008, 01:09 PM   #3
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i'm screwed.

anyone got any good news to share?
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Old 01-01-2008, 01:43 PM   #4
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i'm screwed.

anyone got any good news to share?
the Real Estalker: Robert Friedland's $65,000,000 Flip


Here's a nice flipper reportedly sold at asking price. Don't think I'll see 50% off beachfront property in my lifetime at this rate.
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Old 01-01-2008, 04:48 PM   #5
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Generalizations about changes in housing values aren't of much practical use IMHO. Not only are home values specific to a community (commuting area), but they depend on the character of the home on the market. For example, the condo market can be quite different than single family dwellings. Within the condo market there may have been too many one bedrooms (often studios with a sleeping alcove) constructed.

One thing is for sure, those who weren't conservative in their home financing will get creamed because of the mortgage mess. It will be really tough to transfer jobs out of the commuting area if you need to sell your home. No one is immune from this if you need to buy or sell a home. The winners will be those who are renting, have saved a lot, and who intend to stay in the home for many years.
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Old 01-02-2008, 09:54 AM   #6
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Wall St. Journal today (1/2/2008) says that from now to the middle of 2008 housing prices should bottom out about 5% more; however, if we go into more of a recessionary period, then the housing won't bottom out until the end of the decade. FYI.
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Old 01-02-2008, 11:18 AM   #7
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Wall St. Journal today (1/2/2008) says that from now to the middle of 2008 housing prices should bottom out about 5% more; however, if we go into more of a recessionary period, then the housing won't bottom out until the end of the decade. FYI.
Oh, lovely.

Frank and I wanted to sell in late 2009, early 2010. Maybe the volume of sales will be back up by that time. One can hope, anyway. If houses still aren't selling, we might have to postpone our move (but not ER! )
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