feed icon

Your home will rise in value in the next year

By Geert De Lombaerde Posted on October 23, 2009 at 11:37 am

First American CoreLogic says national home price numbers fell at a double-digit pace over the summer, but that the pendulum will swing come spring.

The new forecast projects price declines will continue throughout the remainder of 2009 before hitting bottom in March 2010, based primarily on the impending expiration of the first-time homebuyer tax credit and the potential shadow inventory of foreclosed homes expected to hit the market soon.

permalink

Tags: , , , ,  

Comments

One Responses to “Your home will rise in value in the next year”

  1. SouthernIndie writes
    October 26th, 2009 7:47 am

    Oh those realtors, the upturn is always just weeks or
    a few months away for them. Of course those most
    wishing for a quick recovery are the county tax
    assessors. Right now they are taxing citizens on homes that are truly over appraised and in some cases
    by hugh percentages. Yes there’s a dim light at the
    end of the tunnel, but no one can forcast it’s brightness because only a few people within the Treasury Dept know how many short sales, bankruptices, and expected foreclosures are out there!

Leave a Reply




Tag Cloud

Recent Comments

The Conglomerate