Mixed signals on housing market | Irvine Real Estate : Irvine Homes and Condos for Sale

by Robert Mack on December 20, 2010

in Buyers, Latest News, Sellers

Smart Money, a subsidiary of Dow Jones Inc., did a study attempting to calculate the chances that home prices would be lower in two years in several markets.

The study found that the most likely places for lower home prices were: Las Vegas at 99.8 percent, Jacksonville, Fla., at 99.6 percent, Phoenix at 97.5 percent and Los Angeles at 96.8 percent.

On the other end of the spectrum, the study found that home prices were only calculated to be lower in Madison at 20.7 percent, Seattle at 15.7 percent and Pittsburg at 12 percent. In other words, home prices in Madison are 79.3 percent likely to hold their value.

via htrnews.com for the complete article

No one has a crystal ball on where the market is going! What do you think is going to happen over the next 1-3 years and even 7-10 years???

Posted on Irvine Orange County Real Estate Market News

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