I Live In Florida When Are The Prices Of House’s Going To Go Down?
I herd it was going to happen in the next 2 years or so. Also where can I find info on this.
Category: house prices
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I think that prices are holding in your area. I have heard that Miami is going down a little. I know that Jacksonville went up 8% this year.
Matthttp://www.realestateagentlive.com/http://www.diversifiedlender.comhttp://www.homemortgageminnesota.com/http://www.refinance-second-mortgage.bizhttp://www.minnesota-mortgage-rates.net
Prices are going to crash but slow. There are several reasons why. first most can not afford to sell and will hold out or go in to foreclose.
Next Realtors will not want to drop any price and are under pressure from other to keep them high due to there commission, there are some time and cases that they are not even passing on officers if they are low and they have no other offer. They will hold out since they are not paying a mortgage just just getting paid.
Check out this web site it tell how they made the bubble, so it will give you some insight as to when prices will come down.http://www.breakingbubble.com/index.htm
Good Luck
Sorry, no one could answer that question for you. If what you say were true don’t you think everyone would be selling now to beet the price drop? I can tell you that the best time to buy a house is September threw December because it is the slowest months of the year and sellers tend to work better with buyers because there are less of them. The worst time of the year to buy is Mid Feb threw June because more people move in that time frame than any other time. That makes more buyers and more activity on the sellers which results in higher prices to the buyers.
Good luck,
Michael