When will property values bottom out in the mid west?
February 17th, 2010 | by admin |Everything happens a little slower in the mid west than on the coast. I’m looking into buying my first home and am wondering when you guys think property values will bottom out?
They already have bottomed. Give it a few days when the next POTUS is elected. It goes up from there. Same thing with the stock market. The market will thunder up as soon as POTUS is elected.
Better lock in a rate now my friend, trust me.
2 Responses to “When will property values bottom out in the mid west?”
By ultralightbackpacker on Feb 17, 2010 | Reply
They already have bottomed. Give it a few days when the next POTUS is elected. It goes up from there. Same thing with the stock market. The market will thunder up as soon as POTUS is elected.
Better lock in a rate now my friend, trust me.
References :
I trade in the market on a regular basis.
By Jamesww on Feb 17, 2010 | Reply
That is a very tough call and depends alot on how dependent the area is on the auto industry. Midwest markets dependent on the auto industry will fall until we reach the next up cycle of the business cycle. All stats except the economy already point to Detroit being near its bottom. Check out the link below to see Septembers housing statistics for the Detroit metor area. I posted statistics of that market on my blog. A colleague of mine that works in the Detroit market provided them to me.
http://houstonhousingmarket.org/2008/10/get-the-facts-on-the-nation-housing-market/
References :