2011 Real Estate Housing Predictions:What should we expect in the world of real estate in 2011? Many people are hoping that we are near a rebound, or at least hoping we’re not losing ground anymore. If that’s you, it’s time to take your heard out of the sand. Real estate is still in a huge decline.
I’ve preached several times over that we’re not out of the woods and that we’ll see another 20% drop in home prices, at minimum over the next few years. It seems some others are thinking the same way now. I’d sure like to take credit for these other predictions but we all know they have no idea who I am or what this blog is. They simply put the obvious facts together and came to the same conclusion as me. Clear Capital is predicting an average of a 3.7% housing drop nationally. This does take into account some areas that will see an increase, but unfortunately, The Twin Cities of Minneapolis and St. Paul aren’t in those areas.
So what can you do? Well – if you’re planning on a long term home, then you really have no worries. Housing prices will eventually recover and with you paying the home down, you’ll be just fine. If you’re struggling financially or have a hardship like a job transfer or loss of income etc, maybe it’s time that you review the choices that are available so you can get back on the track of financial independence.
The Twin Cities Short Sale Realtor is happy to discuss your personal situation at a time acceptable to you.
