Sunday, January 11, 2009

Future Real Estate Prices

2009 will probably bring us more real estate drops if we simply project last year's fall into this year's forecast. This will bring us back in line with the historical trend. If this is the case, then bank credit will begin to flow more freely to those people with cash to invest efficiently and purposefully at lower prices. Sure, the bust hurt us badly, but over time things will return more to normal.

This doesn't mean that we will see 2005 or 2006 prices any time soon. In fact I wouldn't expect to see those prices until sometime after 2018-2020.

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