Housing Prices Could Rise 12.4 Percent by 2014
Leading analysts are going out there with some pretty optimistic projections ( article was from Wall Street Journal) and while I wish that is what will happen, I urge my clients to have caution for the next 3-5 years.
There are many more foreclosures to be released to the market and someday the banks may figure out how to successfully close short sales.
JOBS, JOBS, JOBS folks , that is what will spark housing and until we get people back to work , the markets will plug along with minimal if any appreciation.
Lets think positive but be prepared and accept 1-2% appreciation for the next 5 years.