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When will residential real estate hit bottom?
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2010 Feb 17, 6:42am 133,720 views 602 comments
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FortWayne
2012 Jul 19, 9:09am
FortWayne
2012 Jul 19, 9:09am
No one is going to buy into a losing proposition. So RE won't start to appreciate until it is worth it to buy into real estate.
American RE market priced America out of it and hence you are seeing this prolonged slump. Slump of people who bought into it waiting for a bailout, dicking around with banks. And buyers obviously in no hurry to waste their money as there is no good reason to buy right now.
On a positive note, at least capital won't be tied up in unproductive real estate flipping and might move into business ventures.
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Please do not comment about your local real estate market. Nationwide, when and why do you think residential real estate will bottom out and begin to rebound to the point where prices not only stabilize but actually begin to appreciate?
#housing