Great Question, but I'm not fortune teller. However, I believe we are going to be bumping up and down for the next couple of years. Is it a great time to buy? absolutely, Homeprices are lower and interest rates are low and bottomline, Real Estate is a great investment! So, next 5 years we maybe up a little and at the price range homes should be.

Dawn Welch
Realtor,CDPE
dawnwelch4homes@gmail.com

My thinking is that real estate will level off in the next two years and then begin a slow upward move. I look at real estate as a commodity..like any other....

Skint -

Check out this link and let me know what you think.

http://www.fixhousingfirst.com/resource-center/index.php

CJ

I think its going up, oh wait maybe its going down? Either way I will be involved.

Hello Skint,

I am not a fortune teller but LA real estate has historically doubled every 10 years. A little higher than inflation. It may go up and down and up again, but historically Los Angeles Real Estate doubles in price every 10 years. My family home was purchased for 32k in 1962 and was sold for 1.5 mil in the 2002-2004. It could get worse but odds are good that it will go up. 8 of the top 10 economists agree that it will go up in the next 5 years. Of course it will always go down and back up. Buy now if you can as I wish I would have waited until now.

Best,

Monique Carrabba
Keller Williams Hollywood Hills
monique@thecarrabbagroup.com
323.899.2900 Phone