I read the news article (see link below) and thought I’d pass it on to you. It outlines three experts’ predictions of the future housing market for Seattle WA. To summarize, Fortune Magazine predicts that home prices will fall 19.5% in the next five years, Forbes Magazine says homes prices will rise just over 3% this year, and Moody’s Economy thinks there will be a slight drop from now until next summer when home prices will start to appreciate 14% through 2012.
Who’s right? It’s hard to say. Since we really can’t predict what the market will do, the important thing to keep in mind is that it is best to move when the timing is best for you. If you intend to buy and hold your home you should do fine because historically the value of real estate has always increased.
Our housing prices have national media guessing, Seattle PI http://seattlepi.nwsource.com/local/338733_economy08.html