Question Details

J Smith, Home Buyer in Williamsburg, VA

What chance is there that home values in this area will return to the values seen early this decade in 23693?

Asked by J Smith, Williamsburg, VA Thu Feb 19, 2009

What I'm referring to is value of properties in the area in which I am considering purchasing have increased from sale to sale since 2000 between 6% and 11%. What statistics exist that can determine whether home prices and values (along with land) in this area will stay where they are? What value to the area was added since 2002? What was not there in 2002 that exists now, thus making the value of property there higher?

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