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n2doc

(47,953 posts)

10. As noted above, has to do with jobs

Reply to No DUplicitous DUpe (Original post)

Wed Mar 7, 2012, 02:57 PM

Mar 2012

Places where there are a lot of good paying jobs, prices are rising (Silicon Valley, DC, Manhattan). If that spreads outwards, prices will start to rise again as interest rates making buying a house a lot cheaper than renting in many places. But if we go back into another recession (gas prices, Iran War, Euro crisis, etc) then all bets are off. I have seen more houses sell in Savannah this spring than in previous years.

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When Will U.S. Home Prices Finally Stop Falling And Begin To Rise? [View all] No DUplicitous DUpe Mar 2012 OP

Not anytime soon. hifiguy Mar 2012 #1

ridiculous BootinUp Mar 2012 #3

Probably not until wages begin to match, or exceed, inflation DJ13 Mar 2012 #2

+1 YoungDemCA Mar 2012 #4

Bingo. hifiguy Mar 2012 #5

Strange then that I qualified for an additional mortgage this year with LT 1/3 a 1% income dmallind Mar 2012 #7

Exactly right! sdfernando Mar 2012 #13

home prices are still over inflated frylock Mar 2012 #6

I just got the appraisal back for my place (for a re-fi). Lost 60% of it's value from 5 years ago riderinthestorm Mar 2012 #8

Banks eff up and taxpayers pay for the damage caused. our great politicians serving their masters nt msongs Mar 2012 #9

As noted above, has to do with jobs n2doc Mar 2012 #10

Home Prices Are Falling Back in Line with Incomes Yavin4 Mar 2012 #11

I think that in California, they have hit bottom. Acording to Zillow.com, my home appriciated about demosincebirth Mar 2012 #12

Mine dropped another 2.2% SoCalDem Mar 2012 #14

I'm a homeowner, but I am happy that house prices are falling, Nye Bevan Mar 2012 #15