(English) Where Are House Prices Headed in 2012?
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THANK YOU! With so many national institutions providing educated guesses about the future of pricing, it is wonderful to see a national institution present this as a question instead of a answer, and referring customers to a professional who knows the market in their region.
There is something else to keep in mind. When sales do start to turn and prices start to go up, foreclosures due to properties being underwater will quickly dry up. Banks and property owners will wait until values increase to the point of conformance.
You’ve pointed out the one consistent point in industry progostications and that there isn’t ONE clear indicator on the how the market will perform this year.