House Prices Through 2015

Its a pleasant prediction, but until unemployment and UNDER employment rates fall, and uncertainty about western sovereign debt is sorted out, I see only slowly falling prices. Not to mention tightening requirements for mortgage qualitication and a new view of many potential home owners that renting is less risky and just plain simplier.
Of course with inflation factored in their projected numbers might work as to sales prices, but not accual value.

The market will continue to drop as reo properties come up for sale. What is
a great deal now you will find in 6 months that you overpaid. For investors in
apartments I recommend the section 8 rental programs. Be aggressive in offering low prices for properties as there is plenty of inventory. Remember the savings and loan problems in Texas in the 80′s and properties were sold dirt cheap. This will happen again but across the nation. Don’t let realtors tell you
what to offer. Offer what you want. Here is my reason. It’s difficult to get loans so many properties are being sold for cash . Cash is King!! Its’s your cash you determine the offer. If banks don’t like it so what, better deals will come up. Don’t be afraid to offer the banks 50% of asking. This is how I operate and it works.

looks like no matter what we might be looking at 2015+ to re-coop the 2005-6 prices..