Summary
Looking at trends in home prices, unemployment, interest rates and foreclosures, some Realtors are optimistic about the real estate market for the coming year, while others advise caution. Most agree that decisions about selling and buying depend on individual needs.
"I meet with sellers who still have the mentality that the market is going to turn around to 2004, 2005, 2006 home prices," says Carmelo "Mel" Oliveri of Property Hub Realtors in Paramus. "They're confused by conflicting media reports."See the full content of this document
Extract
A Market Ruled by Uncertainty
He cites the Case-Shiller index of real estate prices, which shows a month-by-month drop of 1 to 1.7 percent recently in the New York metro area. "If we look back a few years, Las Vegas, Florida, Arizona and California were some of the first bubbles to burst in this over-exaggerated real estate boom," says Oliveri. "My speculation, based on...
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