The Carvajal Group Blog

Housing Market Expected to Improve With Time

December 16th, 2008

Although the banks are failing and millions of Americans are facing foreclosure on their homes, some real estate investors are predicting, or hoping, that the housing prices will rise again. Some are more optimistic than others, hoping for improvement in the next six months, but market analysts say that after such a dramatic downturn, only time will tell. Some economists even expect the downturn to continue, and don’t see real estate prices bottoming out until 2011 or 2012.

Several economists are predicting that the price of homes will increase at an inflation-adjusted rate of two to four percent per year in the coming decades. This rate is not expected to much higher than the inflation-adjusted rate for increase in per capita income.

Despite the facts and the logic, recent surveys show that roughly 60 percent of home owners and investors believe that the value of their home will remain the same or increase within the next six months.

If you would like more information on purchasing or selling real estate in Austin, contact and Austin realtor with the Carvajal Group at 512-419-7770 today.

Tags: Austin Real Estate · Austin Real Estate Agent · Buying homes in Austin