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Message
re: Home Prices Show Biggest Rise in 6 Years
Posted on 2/10/13 at 6:20 pm to NC_Tigah
Posted on 2/10/13 at 6:20 pm to NC_Tigah
quote:
That's gong to depend on location.
Only if you're talking about a rather specific location, as prices are still about 40% below their Dec-05 highs in real terms.
Even Charlotte & Denver, the best 2 out of the 20 major markets at holding value, are down close to 15% according to Case-Shiller. I would be surprised if housing in those places appreciated by that much above inflation in the coming decade, although I guess anything is possible.
Now certain trendy new developments will always occur on the local level, and there are always boomtowns like Williston, but just in the main, I don't see housing getting anywhere near its old levels anytime soon.
quote:
YMMV
What does that mean?
2
Posted on 2/10/13 at 6:33 pm to Doc Fenton
quote:
Even Charlotte
Charlotte is the best?
Well there it is.
Posted on 2/11/13 at 7:19 am to Doc Fenton
quote:
YMMV
quote:
What does that mean?
Your mileage may vary.
I'd be shocked if the Washington, DC area wasn't near the top in holding value. We're about as recession proof as an area can be with our mix of federal government, military and private sector jobs.
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