Will Real Estate Prices Rebound?
After years of hyper appreciation, the last 18 months has seen a major cool down in the real estate market. Given this change in direction, will real estate prices rebound? Well, of course they will. Real estate has always been viewed as a good long-term investment. Nothing has occurred that changes that basic assumption. The short-term situation is a bit rocky, but it is only because we are going through a correction after watching the real estate bubble expand and expand for six years. Predictably, the air is coming out of the bubble, but at least it did not burst. The more relevant question for people in the real estate market is not whether prices will rebound, but when? Ah, here we enter the realm of the mystic. The Harry Potter of real estate if you will. The bold faith truth is nobody has a clue when they will rebound. On the positive side, we are starting to see things even out a bit across much of the country. On the negative side, financing for real estate purchase is tighten
Well, of course they will. Real estate has always been viewed as a good long-term investment. Nothing has occurred that changes that basic assumption. The short-term situation is a bit rocky, but it is only because we are going through a correction after watching the real estate bubble expand and expand for six years. Predictably, the air is coming out of the bubble, but at least it did not burst. The more relevant question for people in the real estate market is not whether prices will rebound, but when? Ah, here we enter the realm of the mystic. The Harry Potter of real estate if you will. The bold faith truth is nobody has a clue when they will rebound. On the positive side, we are starting to see things even out a bit across much of the country. On the negative side, financing for real estate purchase is tightening up as lender begin to realize they probably should not be giving money out like candy on Halloween. In the case of subprime lenders, the game is up for many of them and
