Full story: NBC29 Charlottesville![]()
Comments
|
History says that home prices will not increase for several years after they bottom. After the last major downturn in the early 1990's, nationally home prices did not increase for about 5 years.
Remember when the DOW was at 14K, then 10K? Buying a house in this market is like buying at DOW 10K (DOW 8K today). Outside of the potential for inflation, there is a very small probability of home appreciation. A decline of at least 8% remains. For about the past year Realtors have been advising homeowners not to sell their homes if they do not have to. This is horrible advice. There will be no V recovery. |
||||
|
||||
Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.
| Topic | Updated | Last By | Comments |
|---|---|---|---|
| Bulk REO Buyers Wanted! Must be direct to Buyer... (Jan '08) | 38 min | Int or Buyer... | 1425 |
| County: Masonite site's future in DDR's hands | 1 hr | Former Ukiahan | 38 |
| Popular local coffee purveyor Peet's set to ope... | 9 hr | BUDDY BOY | 12 |
| Recession brings new, varied clients to free cl... | 13 hr | Rik | 1 |
| diesel d2 / jet fuel jp54 for sale (direct russ... (Dec '08) | 13 hr | D2 JP54 Mazut | 203 |
| Voters reject mall | 18 hr | dumb and dumber | 189 |
| Denver Leverages Private Funds to Secure Stimul... | 23 hr | RJF Dupage | 1 |