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Will US real estate market begin to recover by the end of 2008?
Guru ( Score Rank: User did not make predictions in the last 30 days ) Guru  |  closed on 01-Jan-2009 (324 days ago)
Some experts are predicting the real estate market to recover by the end of the year, and some say otherwise. Do you think the recovery will happen by the end of the year?
http://www.sfgate.com/cgi...
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Comments (15)
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  1. comeback comeback 330 days ago
    + 1 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 50% ] Yes
    (more)
    The real estate market will recover for a short period of time, because of the suspension of the foreclosures. So there will be a window of opportunity for buyers, investors, and companies to buy up the inventory, but with lines of credit being pulled and unemployment going up the depreciation of the real estate market will continue again. The window will last for the whole year of 2009.
    [ reply ]
  2. sdilbeck sdilbeck 407 days ago
    + 1 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 95% ] No
    (more)
    There is way too much inventory of new homes, which also includes forelcosed new homes, along with resales and older foreclosures to be absorbed by the market. There simply are not enough buyers, and the government will have to make some changes to boost this market, or you can look for a long 2009 with poor home sales too.
    [ reply ]
  3. Muggs Muggs 557 days ago
    0 vote This is Good This is Bad
    Unfortunately this market will continue for quite some time,more like a recovery in three to four years
    [ reply ]
  4. fireeater fireeater 583 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 100% ] No
    (more)
    The recession will be ended by a sign of upward real estate market. As the US gov depreciated the currency and cut the rate, that helps keep the housing price stable and low - still not a upward sign.
    [ reply ]
  5. ancienthart ancienthart 589 days ago
    + 2 votes This is Good This is Bad
    predicted: [ Most Likely ] [ 100% ] No
    (more)
    We might see an upturn towards the end of the year if governments implement "rescue" policies, but the money lender's policy of high-risk, low-income loans still has a lot of fallout to go.
    [ reply ]
  6. Milo Milo 668 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 85% ] No
    (more)
    May be in your dream ... haaa
    [ reply ]
  7. freeman freeman 669 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 78% ] No
    (more)
    Have we decided on how to verify this topic yet? Maybe Guru can clarity this?
    [ reply ]
  8. de2min2 de2min2 678 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 100% ] No
    (more)
    I think "recover" should be defined more quantitatively, say using the Shiller index. Thank you.
    [ reply ]
    1. oilman oilman 675 days ago
      0 vote This is Good This is Bad
      I was about the ask the same question too. I am new to Shiller index... what value of the index indicates a recovery? A link to the current Shiller Index would help too. Thanks ahead.
       
  9. yancy yancy 683 days ago
    + 1 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 82% ] No
    (more)
    perhaps it will start recover in some regions such as LV, a high-growth city.
    [ reply ]
  10. oilman oilman 687 days ago
    + 1 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 69% ] No
    (more)
    I am still waiting for buying opportunity. I am betting on 2009 summer. Definitely no recovery before that.
    [ reply ]
  11. humme humme 687 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 63% ] Yes
    (more)
    How do we define if the market is recovering? Hard to say without some hard numbers.
    [ reply ]
  12. will101 will101 688 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 73% ] No
    (more)
    We are looking at 2008, at least.
    [ reply ]
    1. humme humme 687 days ago
      0 vote This is Good This is Bad
      You mean 2009 right?
       
  13. Guru Guru 690 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 82% ] No
    (more)
    No, the real estate cycle has to be longer than that. I can see lots of buying opportunity towards the end of 2008.
    [ reply ]
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