What do you think the real estate market is going to look this summer?

Question

Do you think home prices are going to drop?

Do you think its going to get harder to get financing for a home?

Answer 1

My guess is that prices will be improving mildly, availability of financing will be about the same.  

Answer 2

They have been steady all this summer, I am in CA and bought almost a dozen properties this year.

The interest rate went up a little, but has pretty much held too.   I am not finding it at all difficult to obtain financing, no change there, but I am not sub-prime.

I am hoping they stay, I want to be able to buy a few more.    I had to redo my financing to a fewer number of mortgages and I sort of got out of the swing of things while I was doing that.

While I hope for things to stay the same I think prices will, but the interest rate will go up.    It depends on what happens in Nov, if we remain a low tax country or decide to become one with high taxes again.   Interest rates were 10-12% during the Carter era, the last time we tried the high tax route.

Answer 3

HOme prices will drop.

Financing will get harder.

Answer 4

Uh...summer is close to over. Do you mean next summer? If so, it's hard to say, ask again next April or May.