A reader asked the following question recently: My home has been listed for sale for almost eight months. I have seen some ‘sold’ signs in and around my neighborhood, so I know there are buyers out there. But I’m not getting any viable offers from buyers. What do you suggest?
Houston was one of the most stable real estate markets in the country last year, at a time when home prices were still free-falling in many parts of the country. We expect this to continue into 2011. In fact, the same could be said for most major cities in Texas, a state that escaped the worst of the housing crisis.
Like most cities in Texas, Austin escaped the worst of the housing market collapse. The city didn’t have much of a bubble going into the crisis, so home prices didn’t have very far to fall. This makes it something of an anomaly, compared to the rest of the country. It’s good news for homeowners, and for the local economy in general.
Washington, D.C. was one of the first local markets to recover from the national housing crisis. According to the latest data, and quite a few predictions, the city could be one of the most stable markets in 2011. Home prices have shown stability in recent months, and we expect this to continue in the new year.
What can we expect from the San Diego real estate market in 2011? That’s the question we set out to answer recently. We gathered insight, opinions and predictions from several knowledgeable sources. The consensus: You can expect moderate declines in home values over the next year, with a solid recovery sometime in 2012.
An underwater homeowner is someone who owes more than the home is worth in the current market. Thanks to the evaporation of property values that occurred during the housing crisis, there’s no shortage of these homeowners today. But most of them reside in the states that were hit hardest by the crisis — Nevada, Florida, Arizona, Michigan and California.
What do you think U.S. home prices will do in 2011? If you’re anything like me, you’re not exactly bullish on the subject. There’s a lot of that going around lately. Take a recent forecast from Morgan Stanley, for example. Their analysts expect residential real estate values to drop by as much as 11% over the next year or so.
In 2011, home prices in the U.S. will be plagued by a ‘double whammy’ of high inventory and high unemployment. The surplus of houses for sale creates a supply problem, while the jobless create softens demand. As a result, we expect real estate values to continue falling in many parts of the country.
The housing crisis has dropped home values all over the country, yielding some attractive deals for home buyers. But nowhere have prices fallen farther than in the so-called sand states: Arizona, Florida, California and Nevada. Take Henderson, Nevada for example. Here’s a place where you can buy a bank-owned home that was formerly worth a […]