A House is First a Home..

These new numbers came out of the National Association of Realtors Convention this AM.  These latest figures show that it will take over 10 years to get back to the 2005 - 2007 price, if ever.  It may be time to just move forward...it continues to be a great time to buy.  Interest rates are expected to jump into the 5% range going into the Spring market of 2011.  Mortgage Rates rising to 5.0% in 2011 and 5.9% in 2012


Economists Expect Price Increases in Upcoming Years

Macromarkets, a firm associated with Professor Robert Shiller, surveys about 100 economists about home price outlook.

The consensus forecast as of August 2010 (which can be found from Macromarkets or from news media stories such as Wall Street Journal) are for

0.78% price increase in 2011

2.43% price increase in 2012

3.20% price increase in 2013

3.69% price increase in 2014

No forecast for 2015 and beyond