December 31, 2006
Waiting game? Prices in 2007 vs 2010
The Boston Globe is asking readers whether prices will keep falling, remain steady, or begin to rise again in 2007. We asked our blog readers a similar question last year, but as the responses above show, wanted them to graph price changes through the end of the decade. We'd be glad to repeat that survey, but for now, just want to know whether you will make your own 2007 real estate resolutions based on where prices will be over the next 12 months or five years? Does it make a difference? Let us know what you think about what one industry spokesperson says about playing the "Waiting game."
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Often future projections in real estate are only a step or two above the stock market when it comes to reliability.
While the forecasts are nice I find that fear is never a good place to work from.
Recently I lived in an area with 25% unemployment and still there were a number of properties being sold and fortunes being made..
Posted by: Randall Wall | Jan 14, 2007 4:39:22 PM
I think as always, that any and all industry 'spokespersons' are so unabashedly self-serving when handed the podium that it balances between pathetically laughable and disgracefully shameful.
And that particularly includes those sad individuals who pretend to be 'journalists' covering real estate for the major papers, but who are obviously thinly veiled tools of the industry. Individuals for whom no downturn is ever more than fleeting, no 'correction' hasn't bottomed out and is destined for a rebound, and for whom no future is less than a glowing horizon of riches and personal fulfillment.
Posted by: jc | Jan 31, 2007 9:58:34 PM
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