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  • June 19, 2009 at 6:25 PM #15918
    Sandiagon
    Participant

    http://finance.yahoo.com/real-estate/article/107219/what-your-home-will-be-worth-in-2012.html?mod=realestate-buy

    By 2012 we may finally get back to blissful boredom. With any luck, three years should be long enough for the U.S. economy to recover and for the nation’s housing inventory to shrink to more normal levels. At that point, housing will return to its old ways, with prices governed not by national mood swings and global credit crises but by local issues ranging from zoning to immigration to job growth.

    Prices? While they’re likely to keep falling a while longer under the weight of foreclosures, the market is definitely closer to the bottom than the top. “We expect prices to drop for another year and then stabilize before starting to rise with incomes,” says Standard & Poor’s Chief Economist David Wyss. Moody’s Economy.com predicts the S&P/Case-Shiller U.S. National Home Price Index, maintained by data specialist Fiserv, will fall about 16% this year before regaining ground. Based on the National Association of Realtors national median home price of $180,000 for the fourth quarter of 2008, that would mean a median of $152,000 at the end of 2009 and then a rebound to $179,000 by the end of 2012.

    June 20, 2009 at 9:53 PM #418136
    5yearwaiter
    Participant

    As per me, San Diego might be ready n refresh with an additional decrease of home values around 29% especially in the areas of Carmelvalley and 4S Ranch and other expensive and crowdy areas. There could also be a chance many price gaps would be sqaured up by 2012, the price gaps I am talking about are these days we can see similar homes got various price ranges in the same neighbourhood due to this turmoil. Once this occured then San Diego might be slowly getting ready with steady gain perhaps 3% from 2013 onwards ….. if all our current Obamanomics works fine. Well if Obama crash rather than skid… then the truth would be bitter and unpredictable.

    June 20, 2009 at 9:53 PM #418365
    5yearwaiter
    Participant

    As per me, San Diego might be ready n refresh with an additional decrease of home values around 29% especially in the areas of Carmelvalley and 4S Ranch and other expensive and crowdy areas. There could also be a chance many price gaps would be sqaured up by 2012, the price gaps I am talking about are these days we can see similar homes got various price ranges in the same neighbourhood due to this turmoil. Once this occured then San Diego might be slowly getting ready with steady gain perhaps 3% from 2013 onwards ….. if all our current Obamanomics works fine. Well if Obama crash rather than skid… then the truth would be bitter and unpredictable.

    June 20, 2009 at 9:53 PM #418628
    5yearwaiter
    Participant

    As per me, San Diego might be ready n refresh with an additional decrease of home values around 29% especially in the areas of Carmelvalley and 4S Ranch and other expensive and crowdy areas. There could also be a chance many price gaps would be sqaured up by 2012, the price gaps I am talking about are these days we can see similar homes got various price ranges in the same neighbourhood due to this turmoil. Once this occured then San Diego might be slowly getting ready with steady gain perhaps 3% from 2013 onwards ….. if all our current Obamanomics works fine. Well if Obama crash rather than skid… then the truth would be bitter and unpredictable.

    June 20, 2009 at 9:53 PM #418694
    5yearwaiter
    Participant

    As per me, San Diego might be ready n refresh with an additional decrease of home values around 29% especially in the areas of Carmelvalley and 4S Ranch and other expensive and crowdy areas. There could also be a chance many price gaps would be sqaured up by 2012, the price gaps I am talking about are these days we can see similar homes got various price ranges in the same neighbourhood due to this turmoil. Once this occured then San Diego might be slowly getting ready with steady gain perhaps 3% from 2013 onwards ….. if all our current Obamanomics works fine. Well if Obama crash rather than skid… then the truth would be bitter and unpredictable.

    June 20, 2009 at 9:53 PM #418854
    5yearwaiter
    Participant

    As per me, San Diego might be ready n refresh with an additional decrease of home values around 29% especially in the areas of Carmelvalley and 4S Ranch and other expensive and crowdy areas. There could also be a chance many price gaps would be sqaured up by 2012, the price gaps I am talking about are these days we can see similar homes got various price ranges in the same neighbourhood due to this turmoil. Once this occured then San Diego might be slowly getting ready with steady gain perhaps 3% from 2013 onwards ….. if all our current Obamanomics works fine. Well if Obama crash rather than skid… then the truth would be bitter and unpredictable.

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