Posts Tagged ‘Housing’

The folks who’s business it is to track trends say they have no idea.  Here’s my two cents: if you’re buying for the long term, rates are incredibly favorable.  However, make sure the market you’re in is the right one.  E.g., Colorado Springs not Las Vegas.  The former has a high occupancy rate and homes are selling in under 24 hours.  The numbers have been stable, too.  The latter has a massive overhang of houses and a lot of underwater homeowners which can only translate to downward trends in prices.

some supporting data. All markets are local but taken as a whole, it’s going to be a while before we see prices rise.  There are two other points that bear repeating: 1) your home is NOT an asset unless it is generating revenue and 2) the historical appreciation on housing is ~ 3%.  Keep these things in mind when buying.