CNNMoney.com is reporting today:
“The real estate roller-coaster ride continued last year as the median price of U.S. single-family home plunged 11.9% to $173,200.”
Take your pick where we go from here:
“Michelle Meyer, Barclay Capital’s economist for new home construction, is predicting continued price declines through early 2010. By the second quarter, however, she expects an upturn.
She thinks that as the homebuyer tax credit expires at the end of April, it will add volatility to the market during the second quarter. People will rush to get in under the wire, boosting volume and shoring up prices.
After that, markets will moderate, with few showing any substantial increases.”
Or perhaps:
“On the other hand, David Crowe, chief economist with the National Association of Home Builders, said he expects home prices “will moderate and stay where they are” for a long stretch.”
The full article -
http://money.cnn.com/2010/02/11/real_estate/latest_home_prices/
