[quote=Sly]As discussed in the business section of our local paper, The Fresno Bee, a local real estate broker predicted a 30% increase in house prices by next spring.
I assume he was speaking of the Visalia-Tulare California area as well as the Central Valley of California.
While the federal tax credits,low interest rates, and the start of the spring selling season may push up the housing demand resulting in some higher home values, I serious doubt there will be a 30% increase in home prices within the next 12 months.
Any opinions as to the accuracy of this prediction?
Sly
[/quote]
If this prediction goes correct then prepare for further next Spring i.e 2011 a drastic severe housing turmoil again- just what we did in the past years 2002-2003 (keeping low interest rates and allow housing only a balloon to pop-up). Just try to grow in all fields uniquiely instead of housing only and that is also up to 30%. If you allow housing just 6-9% then I would say nothing is going to be happened again.
