Real Estate Forecast -- Fall 2010
| Terrie Collins gave me a link to the California Association of Realtors current forecast, which was given in 99 slides. I whittled those down to the eight which I think say most to us here in Lake wildwood, beginning with the topic slide: |
| The data seem to have been selected and
the briefing given by Leslie Appleton-Young:
Prices are beginning to increase in 2009 and 2010, but are still very depressed compared with
Unsold inventory competition is still keeping prices low, particularly for higher priced homes like ours:
Much of the selling is to foreign buyers...
and to investors. This means that the feeling both here and abroad is that prices will continue increasing. Conclusion -- hang on to your house to take advantage of this strong growth probability.
Much of sales are still from upside down (under water) owners, banks and others, hence the depressed prices.
The full 99-slide presentation is at: Thank you Terrie and Larry, at: |
