View Single Post
Old 03-28-2008, 12:03 AM   #248
MacDougalbry
Lifetime Suspension
 
Join Date: Mar 2006
Exp:
Default

Inventory continues to grow, but prices seem to be holding steady (although the median price seems to have softened very recently.) I think what is going to put pressure on prices over the next few years is builder overcapacity. In the current market, a builder could probably shave $100K off of the price of a $450K home and still break even. I have no clue what prices are going to do over the next year, but 5 years out from now I'd venture that prices will pretty much be where they are today.
MacDougalbry is offline