Is this where I get the cracked crystal ball out of the closet?
How about the magic 8 ball?
We can not for tell the future.
It is my opinion,...
In reality, you can expect the trend to start to rise in mid 2012.
The reason is economics of the housing and loan types.
The huge amount of zero down loans, neg am loans, will be reset.
see this interest rate rest chart and you may understand it
Knowing that buying sometime in 2011 should be the most opportune time.
It is my opinion we are not at are lowest point as many believe we are almost done.
We have are beginning one down turn now and will see another next year even worse than this year according to the charts.
I do believe that buying at some point this year or next is the opportune time.
in my opinion, in 2013 housing will rise at a pretty good rate.
Why housing will go up,....
right now there is no construction making housing inventory low over time.
right now many are moving in together to get through this economic low.
Those people will get on each others nerves and the demand for homes is going to escalate and as jobs happen, people will be on the move.
Housing will be in demand and the prices will go up sharply.
That's just my opinion and I may be right.
Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate License # 01312992