Lake Martin Topics: Home Prices

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	Name:	Kizma Anuice -
	Subject:	Home Prices
	Date:	4/2/2009 7:47:42 AM

I read the following this morning and was wondering if it applies to Lake Martin, as I have siblings who are considering early purchase of retirement homes:

House prices nationwide have now fallen about 30% from their 2006 peak. At these levels the contrarian, inevitably, starts to wonder if they have fallen far enough.
Certainly there are great deals out there. It is a buyer's market. The aggressive and opportunistic can probably find the worthwhile bargains.

But for the market overall the picture isn't as hopeful as you'd like.

Even today, prices overall have only reverted to levels seen in late 2003. Yet by that stage the bubble was already well inflated. You would expect a crash of this scale to retrace its steps much further. To find pre-bubble prices you have to go back to about 2000 – when values overall were about a third lower than they are today.

Other messages in this thread:

View Entire Thread

Home Prices - Kizma Anuice - 4/2/2009 7:47:42 AM

Home Prices - roswellric - 4/2/2009 10:58:02 AM

Home Prices - John C - 4/2/2009 12:47:17 PM

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