In another “real-estate bubble” article from the WSJ Online that Yahoo Finance (one of my favorite sites) just posted, entitled, “Realtors Forecast Falling Home Prices“, Realtors forecast this:
“… prices for previously occupied homes will slip 0.7% this year from the 2006 level.”
The article goes on to say:
“Prices won’t fall throughout the country, of course.” “…they have continued to rise in some cities, including Houston, Portland, Seattle and New York, where job growth has been relatively strong and supplies of unsold homes generally lean.”
That second quote is the one I’m always happy to see in these articles. We’re buying a home this year. In fact, our offer for a three-bedroom town home was accepted last December. Here’s a pic:
We’re just waiting on the builder to finish it up (should be ready in October). Luckily, it’s a new home in Texas, where the housing bubble isn’t really an issue. I should probably stop reading real estate articles.
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