The Future of Real Estate

Original post by skew

Aug 09, 2004 08:37 AM

i hear such varying opinions in re: short term future of real estate sales. i know interest rates are slowing rising, but how do you think that will affect real estate prices?

i can't image that price are going to continue to rise along w/ rising interest rates. from your experiences, what have you heard in regards to the market dropping, leveling or rising in the next couple of years?

Sassyz75 Posted: Aug 11, 2004 04:31 PM

Re: The Future of Real Estate

Posted by jillnbrad

Posted by dcwife

Houses don't always go up. In the late 80's they were high and then dropped. It is fine if you plan on staying a while because long term they will always go up. But if you buy an over priced fixer upper and put in a lot of money to fix it up- it might take a while to break even on that.

I have also been told about the 80's and how alot of people got screwed and forclosed after this...

I think the interest rates will climb up and prices will drop(not drastically). Hopefully it will level off...

This is why i'm not buying until I know i'll be there for a while.