Its tanking folks.. I think your nuts to bet on any increase this year.. I've been looking for 6 months and the average house under $400k has gone down about $20-30k already.. Too many speculation buyers during the boom are realizing now that real estate isnt actually a guaranteed investment. Drive around some of the newer neighbourhoods and check out all the vacant completions.. Theres a couple next door to my buddies place have been finished for 3 or 4 months, and no one has looked at them. New home starts are way down, theres 10,000+ properties on msl listings, and according to the news in december people are emigrating from the city to go elsewhere..
|