When Will Real Estate Values Begin to Appreciate Again?

February 16, 2011 by

When will the nation’s property values begin to appreciate again? This is the $64,000 question that real estate professionals, investors, and mortgage professionals would like to know. The truth is nobody can accurately predict the return of the real estate market.  Like everyone else, I can’t predict the end of this crisis either, but what I can do is tell you what will have to happen to facilitate that change. The answer is quite simple: America must reinvest in herself once again. Without an investment, real estate is as worthless as the Dollar is today.

Think back, or read a history book, about how families in the ’40s and ’50s used to buy homes. Young couples lived with Mom and Dad during the “courtship” prior to getting married, until they had saved 20% to put down on their “dream home”.  They made an investment in America, (i.e. the American dream). In the years that followed we have devalued that investment in lieu of credit and the easy access to it. Property values rose artificially and our nation became addicted to credit.

The value of the dollar has been demolished due to the same principle. When we place value in assets based on their ability to be easily bought and sold versus the value that has been invested in the asset, we devalue its worth. For example, two years ago I could have bought an $800,000 house (and I assure you that I cannot afford a house that expensive). The owner of that asset (the $800k house) placed value on his asset based on the availability of buyers like me who could buy the home. The problem is, this homeowner probably had less than 5% invested in the home. Where do you think that homeowner is today?

Had he put 20% down on his home, he would then own a valuable asset in which he has a real investment. This outlay of cash forces him to buy and sell his home in the same manner he would move an $800k investment around in the stock market – very carefully. Thus, the home has REAL value. However, having bought the home with little or no money down, the asset became disposable and so follows the real estate market.

So, as I said earlier, I cannot predict when the real estate market will bounce back, but I can tell you what needs to happen before it does. America needs to reinvest in herself by getting back to solid buying and selling principles. This strengthens home values, which encourages investors who employ builders who employ carpenters, painters, real estate agents, loan officers and so on. America was built on the “American Dream” which has turned into the “American Nightmare”; she can only be rebuilt by hard working Americans, not by Wall Street.

Aubrey Clark is a Syndicated writer, author and editor for Direct Banc, a low interest rate credit card directory.His current project outlines how to choose the best Airline Miles Credit Card and how to maximize the benefits when using it.

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260 Responses to “When Will Real Estate Values Begin to Appreciate Again?”

  1. Sean Cal on November 17th, 2008 11:42 pm

    Aubrey, thank you for taking the time to write on an interesting topic that many want answers to yet only time will tell. You bring an interesting opinion to the table when you say Americans need to reinvest back in to America relating it back to the 1930’s and 40’s. However, those newlyweds back then, that so called made the “American dream” was able to make the investment into their home because banks were able to back them up, given their financial situation. Today and at our current time, lenders are becoming more conscious of people and will not give those loans such as a mortgage for a house unless they have a decent job with a well paying income and good credit score. Young people today who become married and want to save enough money for to put a down payment on a home might not have the credit score a lender wants to see. You are right on the other hand; people today have become obsessed with credit and making their money liquid.

    What I am trying to get at is yes Americans need to start reinvesting into real estate but many do not have the criteria lenders are looking for and therefore we are asking the ones who are financial sound to help bring back up our economy. On another note you say it will not take Wall Street in doing so to help the housing market out. I disagree, if Wall Street is up people will earn their money lost and will be able to invest in real estate and therefore bring back the old America you talked about. Until then you are correct no one can predict the end to this slump only time can.

  2. Brandon Green on November 24th, 2008 4:56 pm

    Easy answer: it depends on the area. Some neighborhoods here in Washington, DC, are still doing ok.

  3. Matthew Drouin on November 26th, 2008 7:21 am

    You bring some very interesting ideas to the table. However, instead of dissecting the root of the problem. Do we have any suggestions for possible solutions?

    This continuious banter about the “Wall Street Main Street” lingo is not addressing the fundamental issue at hand. I offered some ideas on stabilizing real estate values in my most recent article.

    http://rocrealproperty.blogspot.com/

    Please offer your comments and ideas would be very much appreciated!

  4. Park City Real Estate Guide on November 26th, 2008 6:20 pm

    We found that the properties with the best locations (ie ski-in/ski-out…your equivalent to beach-front properties) held their values much better than lesser locations…

    Park City Real Estate Guide

  5. Jodi Suguitan on December 2nd, 2008 10:49 pm

    You are right. It is unfortunate how real estate is now a disposable commodity now rather than a valuable investment to be protected at all costs. I think in the future increasingly stringent lending standards will weed out those that would walk away from a home.

  6. Pensacola Florida Realtor on December 3rd, 2008 11:37 pm

    The $64,000 question. When will home prices recover?
    Great Question and as several have commented that its not a simple question. It depends on location, kind of property, national economic conditions, credit availability and regional economic conditions.

    In Pensacola, FL active listing are declining and will be back to normal levels in about a years if the trend continues. I see this as a primary factor for price stability.

    Now the national economy, the recession, will largely dictate how people spend or more likely, not spend money.

  7. Chuckbob in Rockford IL on December 12th, 2008 12:40 pm

    We have seen what amounts too the 2nd “Great Depression” in the last 100 years. Look back to the 30’s for some lessons that will unfortunately apply today, mainly this: Market values will likely fall quite a bit in the markets that were the most overheated.

    Not in a straight line down, more like whipping a hose laying on a downhill slope, we’ll see some humps (upward moves)move along the hose, but it’s still going down hill.

    It will no dought takes a number of years for this to work itself out, maybe 15 or so like Japan suffered from 1991-2005.

  8. Augie on December 14th, 2008 3:40 pm

    Depending on your area, I think, right now, housing prices are too high in general. I remember when home prices were about twice the average household’s yearly income. So, if in the 80s they were making 30k, a decent house was about 60k (in New York). Now, if the average person is making 80k, the average home would cost (at the top of the bubble) around 400k. That’s 5x their income.

    Now, I know that many people have gotten used to two family incomes and I know people want a lot more house than they used to, but I think home prices will have to come down to at least 3x the national average income before we can consider it totally finished.

    This is on average, so I know it won’t hold totally true across the United States. Some areas will be 4x income and some will be 2x income.

    So in my example, if you use a family income of 80k, then that 400k house will have to be 240k in an average area.

    I don’t normally do market commentary, but if you want, check out my Real Estate Investing Guide

  9. Daniel on December 15th, 2008 5:43 am

    I referred few investment and realty blogs and can say that it will take end of 2009 to appreciate values again.

  10. Renesme Swan on December 16th, 2008 1:09 pm

    I know a couple friends who’ve taken a Creative Investing and Wholesaling seminar program and they referred me to it, I’m going to the next one and I can’t wait, the website for the information is http://www.elitementoring.com

  11. Tampa Real Estate on December 16th, 2008 6:09 pm

    Great question, there are many factors that will dictate when this market will turn. First of all real estate is local in nature. The Fed has been pumping money and reducing Fed Funds (down to 0 today). Mprtgage rates are approaching the 4’s. Inventory levels in many areas are dropping and new contruction is at historic lows. When will it turn, I don’t know but I know for sure it will and hopefully sooner than later.

  12. Max on December 29th, 2008 12:53 am

    Its not the crash of realestate market but actually It is because of Current Economic Crises. Latest real estate news are on aim168realestate.

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  15. John Carle on January 3rd, 2009 3:00 pm

    I appreciate this post. Not often do we have clear talk about what the market will do in the future; but can any of us really predict it with any confidence?

  16. Todd Covington on January 4th, 2009 9:55 am

    My bet is 2009 will be another flat year. While it will be flat, I doubt will we will see the extreme turmoil in the stock market, food, gas, and other major economic issues.

    The 2009 real estate market will be slow again forcing property values to again go down. It will be a much slow depreciation the 2008 but home prices are still overinflated.

  17. Real Estate Internet Strategist on January 10th, 2009 8:24 pm

    I am hoping for a flat year in 2009; and the data shows that we have too much inventory… it will take 18 months to bring in line with population growth…

    Real Estate Professionals will benefit greatly by building their business in 2009…

    Key Yessaad – Real Estate Internet Strategist

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  19. Tom on January 19th, 2009 4:22 pm

    I agree with a previous poster that it largely depends on the areas. Places like Florida and California that had large appreciations will take longer to rebound than my local market of Rochester, NY. I believe we actually had one of the highest appreciation rates last year, which was slightly over flat, just because we had not seen the huge (false) appreciation of some other areas.

    Freedom First Real Estate Investors Association

  20. Sam on January 20th, 2009 7:51 am

    Home buyers are waiting until the market hits a “bottom”. The problem I see with that is due to lag time in statistical reports we won’t know we hit bottom for a minimum of 6 months after. There is no doubt that it is a great time to buy and there are great deals to be had. Mortgages are hard to come by but they are out there and if you can buy, you should.

    http://www.REALTYoogle.com

  21. Erich Haubrich on January 28th, 2009 9:49 am

    Outstanding article. You might be interested in

  22. Krishna Perkins on February 2nd, 2009 7:12 am

    While we can not pinpoint a recovery date as a whole, we can site many pieces of evidence to the future potential of growth in our local markets. Buyers should not ask when but where will the market recover and why. Company relocation, infrastructure plans, new business openings etc. Here in San Antonio TX we have multiple projects underway, from river expansion, special needs parks, green transportation and green renovation of factories into condos.

  23. Richard on February 4th, 2009 6:13 pm

    Prices are set by basic supply and demand, with some regard to location and savvy marketing. But in this depressed market, because of public opinion, it may take a more “macro” change before the change trickles down to the particular area.

    My friend, a realtor, once said to me, “The true values of properties are determined when people start moving.” This means that what people are willing to pay sets the overall prices for an area. This sets “comps” in the area. If people keep putting off purchasing due to either bad news being reported or the tendancy to wait for prices to fall some more, it will take THAT MUCH LONGER before prices begin to rise again.

    Just my two cents. Awesome discussion!

    -Richard
    The Flip Board

  24. Canton GA real estate on February 8th, 2009 10:32 am

    As soon as all of these foreclosures and short sales are off the market. Then we will know we have bottomed out.

  25. Cleo Shahateet on February 19th, 2009 7:38 am

    When will the prices stop their downward slide? I think it will be in 2010, I agree that it depends on the area you are in. In some areas waiting until the market hits a bottom can stil be even longer. I am waiting to purchase a home in No.Virginia and the prices were inflated so much that even though I keep hearing that prices are getting better- I don’t see it.

  26. Apdaila on February 26th, 2009 7:04 am

    I hope by this year end, everything will come to normal.

  27. TR on February 27th, 2009 3:41 pm

    Todd Covington: what do you think now? A flat 2009? Not likely, we are not at the bottom yet ladies and gents. What is next, inflation. With unemployment at the worse numbers and those that are employed taking salary cuts = no spending for a long time = no companies making money = more of the same .. what a vicious circle we are in. Jobs = money = spending = supporting capital markets = more jobs – thats where we need to get back to, hmm but how?

  28. TR on February 27th, 2009 3:43 pm

    PS, not to mention mortgage crash round 2 coming: all of those hybrid ARMS resetting in late 2009.

  29. M on March 5th, 2009 11:21 am

    Hope things get better

  30. Sam on March 5th, 2009 12:17 pm

    I am a RE Broker in southern AZ and I have already seen things get a little better. As prices continue to fall the number of home sales are beginning to increase. 1st time home buyers that have good credit and a stable income are taking advantage of some great deals. They are able to buy homes that they could not afford during the boom. Another great strategy right now, is to rent the house you currently own and buy another one to live in. This does require good credit and a nice income, but if you can buy something now, you should. It also allows you to use loan programs that are based on owner occupancy and therefore much easier to qualify for.

    http://www.REALTYoogle.com

  31. Calabria Property on March 7th, 2009 1:13 pm

    I feel that the market will level in 2010 and we may see small single digit growth in 2011.

    I think another 10% decline is on the cards this year, unfortunately.

  32. W. Keoki McCarthy on March 7th, 2009 4:05 pm

    I think a large part of the market stabilizing is affordability. In our area (Seattle) a starter home was starting to become out of reach for the average homeowner. In 2005 you needed to be in the upper 400’s to get something reasonable. Today, you can find that house in the 300’s. I am seeing alot of first time homebuyers entering our market now that they can finally afford to. That will be the start of a recovery. The rest will come as the economy stabilizes. Unfortunately, my crystal ball is murky. However, I do think we are bouncing around near the bottom and would expect this year to be another down year with 2010 showing signs of stabilization.

  33. Jonathan Phan on March 9th, 2009 5:00 pm

    That is a good question.

  34. Jared Gruber on March 9th, 2009 7:49 pm

    I think it is really crucial to recognize that no one can truly “time” the market. It is important to recognize that we are near the bottom of the market, and it is a great time to invest! If you try to time the exact lowest point, you will find yourself investing on the upswing.

    http://www.LeasePhilly.com

  35. Ian on March 11th, 2009 12:25 pm

    All of this really depends on where you are. In Dallas, the values really never went down all that much. Since the economy is in better shape in Dallas and Texas as a whole, the appreciate will most likely begin here and then fan out as the economy improves.

  36. Jeanette on March 29th, 2009 1:20 pm

    I think now is the time to buy, the upturn is just around the corner. There are beautiful, affordable parcels of Idaho Land. Don’t wait, get while the gettin’s good.

  37. Jon Zorrer on March 29th, 2009 5:53 pm

    It really depends on where you live. Some areas of the country area still thriving right now. They are considered emerging markets. I think in a few years most of the country should start seeing a turn around. House prices needed to readjust and stabilize.

    http://reitvshow.com

  38. Dave Wagner on April 6th, 2009 12:06 pm

    The root of the problem is the private banking system. Your right, back in the day people didn’t rely on credit as much so the private bankers (the FED) starting flipping our economy upside down in debt in order to line their pockets, not ours. Our forefathers even warned us of this type of central banking scheme. I can’t remember if it was Franklin or Adams who said, “there are two ways to conquer a nation, one is by the sword, the other is by debt”.

    When we flip over the tables of the money changers, that’s when this country will get back on track and homes will once again be assets to the people who own them and not assets to the bank.

  39. Ce Ce Lapore on April 8th, 2009 1:27 pm

    Whoa, that was really entertaining. I would concur with you that Americans need to come back into reality of their spending. I would agree with Dave Wagner, our economy is built on over excess. No other country has an economy like ours…debt, debt, debt.

    I am grateful that I have had some success in the real estate business. I hope the same for everyone else.

  40. Brian Patton, CCIM on April 19th, 2009 11:38 am

    I agree. It just depends on location. I think we are at the bottom of the residential market nationwide and the beginning of the commercial decline…which will be shorter and less deep.
    You can check out more of my comments about this at:

  41. Brian Patton, CCIM on April 19th, 2009 11:43 am

    CE CE
    you are right…way too much debt out there. all of it goes back to extension of mortgage debt to 30 years and two income families being able to “support” higher mortgage monthly debt. Hence, first homes have grown enormous, and more bells and whistles have been added. Are we going back to where we were post-war II? If so, we haven’t seen anything near the bottom. Look at what homes our parents lived in and then value the market based on that. I think you will be surprised.

  42. personal shredding on April 20th, 2009 4:03 am

    properties having better locations & amenities have respect value in every era. thanks for nice post.

  43. will daly on April 21st, 2009 9:56 am

    I have been speaking to a lot of investors lately who are considering buying some of the large notes and assets hitting the market in Phoenix, Tempe and Scottsdale (e.g. Century Plaza, Safari Drive, Portland Place and many more). At first blush it can be a bit depressing witnessing all the carnage of unfinished and/or unsold high rise and loft condominiums. But here are some good points:

    The fact that sophisticated and experienced investors are finally seeing the “value” in the distressed assets and notes means that we actually might be near “the bottom.” Of course the reason the prices are making sense to the investors is becuase the holders of the notes (i.e. the construction lenders) are finally getting real and slashing the “market value” of their assets so they can get them off their books and move on. Regardless of how we get there, when prices make sense to the “pros” then maybe we are truly nearing a bottom.

    New investors know to address what has been a major concern for potential buyers in the failing high rise buildings; that being the financial instability of the Home Owner Associations of those buildings. You see, even with low prices, buyers have been hesitant to be one of the first people to buy in a building that might be failing. After all, if you are one of only fifteen owners in a building and the developer goes bankrupt, who pays the electric bill, the water bill, maintains the elevators, etc? The answer is most likely the lender will pay the bills. But what if the lender goes under. Then I guess the answer is that whoever takes over the asset will pay the bills. But do you really want to have to worry about all that? I know I don’t. So, again, the good news is that the investors who will by up these assets will come in with enough capital to bring the HOA’s into the black.

    Some of the investors will rent the condos out while others will seek to slash prices and sell out quickly. In either case it will mean lower prices for consumers. Lower prices will result in purchases.

    Over the last several months we at WeKnowUrban have seen a major uptick in buyer inquiries. This, plus the coming lower prices and assurance of solvent HOA, leads us to think that we’re are about to see improving sales numbers in the high rise and loft condo market. So, hang tight as you read “doom and gloom” stories about entire high rise buildings going under. Because now you know the good that will rise from these events.

  44. Hidden Lakes Homes Keller Texas on April 24th, 2009 1:25 pm

    Here in the suburbs of DFW we are on a very slow and steady increase. I would have loved to be on the up tick but am glad we did not have such huge swings.

  45. Gary Ashton on April 24th, 2009 9:54 pm

    In the past couple of months the real estate market in Nashville has been consistantly strong in home sales under the $300,000 list price. Up to around the $1.5M mark the home sales have been seen to be a lot softer and the number of builders that have succumbed to rapid economic downturn and the buyers reassessment of the need for a home with an extra 2000 sq ft, compared to their current home, has meant that the downward pressure in this price range has been much stronger.

    In the end, buyers are realising that the hit they take on a sale is proportionately made up for in the purchase of thier next home, assuming they are buying within the same market and really any losses are being felt by home owners that bought at the height of the market and are now selling due to the usual reasons for moving…marriage, death, babies, job losses and relocation etc.

  46. philippine real estate on April 26th, 2009 7:04 pm

    when the right time comes, the value of real estate will appreciate again.. we are now experiencing global crisis, that’s why i guess its not the right time…

    -david

  47. aspire on April 29th, 2009 7:21 pm

    Lets hope that recent legislation will help turn the market around.

    -aspire
    http://www.realestateadvantage.net

  48. Maryland Real Estate on April 29th, 2009 9:11 pm

    Great post and comments. I really think each market is local, and the time to recover will vary.

  49. Ion Home Inspection on May 3rd, 2009 9:34 am

    As soon as the market stabilizes. We also have to get all the short sales and foreclosures off the market due to downward pricing pressure.

    Jeffrey Owen
    IonHomeInspecion.com
    Katy, Houston, Sugar Land TX

  50. Real Estate Leads on May 7th, 2009 10:21 am

    It depends on the market situation.

  51. dug on May 21st, 2009 11:58 am

    The thinking needs to be adjusted if you are looking at real estate as an investment and not just a home.

    With real estate, you make money when you buy. Banking on appreciation is gambling and so many people have gone bust because that was what they were doing.

    If you are living in the house, it still has value to you, so why would the equity really matter?

    If you are looking for investor funds to be able to snatch up hugely discounted properties, use
    LocalHardMoney.com to get your deals done.

  52. Walter Grande on May 27th, 2009 8:04 am

    It is going to take patience to wait this thing out. We also as a country need to trust in our government even thou we are in this because of them. It is going to balance off, i just hope its sooner then later.

  53. Christian Whiting on May 30th, 2009 6:09 pm

    It will be nice when things take a turn for the better. Once things level off real estate will be a winner again. For more information about real estate visit here

  54. Murrells Inlet Real Estate on June 2nd, 2009 2:21 am

    Just like everyone else I’m not sure but I do know that without all the media hype we have a better and quicker chance of recovering sooner. The longer the government interfers the slower it will return. The real estate market will stabalize itself as it has always done over the years. Government intervention to get votes and poll points will not help and thus far they haven’t done anything to help except spend trillions more in a shorter period of time.

  55. Brad-Real Estate on June 6th, 2009 9:28 am

    I’ve been reading and hearing a lot of positive reports lately. Hopefully we will start seeing attitudes and confidence changing soon.

  56. Murrells Inlet Real Estate on June 16th, 2009 9:02 am

    The increased traffic has continually risen over the past 4 months as well as prices are holding somewhat steady here in Myrtle Beach in the residential market. The condo market is another story, with the inventory on hand it may take some time to re-coup. Still, a wonderful time to invest in real estate. The old story “Location, Location, Location” has somewhat changed now to “Timing, Timing, Timing.”

  57. buenos aires real estate on June 18th, 2009 7:40 am

    Second quarter of 2010 in the US. CANADA and CHINA probably by the end of 2009.

  58. Collage-Estate on June 21st, 2009 10:44 pm

    Thats a good interesting analysis. The parallel analysis of the 40’s with the present day secnerio give a great insight in the way we buy our dream house. Your article is really worth reading.

  59. Sylvester Fordoms on June 21st, 2009 10:48 pm

    Homeowners: First, as homeowners – an ENTIRE generation (or two) has been “sold” a bunch of BS. One, that your home is an investment. Two, that home ownership is an American “right”. Your primary home is shelter, not an investment. It keeps you warm and dry when its cold and wet outside… You really have control over only two factors: how much you paid for it and the rate in which you amortize (pay down) that debt. Everything else is speculative. Speculation in and of itself is not bad, yet when applied to an illiquid product such as real estate, you either “win big” or lose big”. As for the ‘right’ to homeownership, I feel homeownership is a privilege. Not everyone is cut out to be a homeowner. We all know someone who bought a home in this past era of easy credit and lax underwriting who we know deep down inside (but would never speak it to them directly) – that they were not cut out to be a homeowner, yet there they were drinking the real estate Kool-aid and boasting of how easy it was. Now unfortunately to the pain of us all, that privilege which should not have been extended to so many is being taken away via foreclosure (that’s a different topic).

    Investors: “Buy, fix, and flip” was supercharged by the access to easy credit, fueled by lending institutions, wall street institutions, and others wanting their slice of the real estate boom. There are many, many ways to invest in real estate profitably, most of which work wonderfully when used during the correct market/business cycle. I myself am primarily a “buy and hold” investor. I could care less if any home I buy appreciates in value. Appreciation is nice, don’t get me wrong, but it is not in the top 5 criteria I look to in buying property. How much I pay for a property and how quickly I (or more aptly, my tenants) pay down that debt are the most direct influences on my bottom line.
    As for the current market condition – this is likely the best time to buy real estate that I or my children will see in our lifetimes. The problem currently lies in the credit market’s inability or unwillingness to fund investment purchases. Of course, if you have 30% down payment, stellar credit, 6 month’s reserves for each property owned, own less that the FHA cut-off number of financed properties, you may convince an institutional lender to CONSIDER financing your transaction. For my transactions, I don’t rely on institutional lenders or the credit markets to supply the capital needed (I also very rarely use hard money lenders).
    Bottom line, as an investor if you are calculating on appreciation to make up for mistakes made elsewhere in the buying process, you have better odds in Las Vegas.

    Best Regards,

    Sylvester The Investor

  60. Inchirieri apartamente on June 21st, 2009 10:53 pm

    That is the most important question of these days.I wish to know the answer before all the people.

  61. Dwan Twyford on June 26th, 2009 7:11 am

    Thanks for that bringing up that news, I guess in general that’s the scenario, however there are places in America that real estate is still doing good.

  62. Imobiliare Ploiesti on July 5th, 2009 12:05 pm

    I think 2010 it will start slowly to be ok

  63. Jose Gregorio on July 6th, 2009 7:58 pm

    I think that this real estate market will take some time before we see home prices go up. Yes many of the REO’s have been purchased and are off the market (this helps as there is less homes being sold at a lower value, in turn homes values will stop going down) But what about all these short sales that are on the market! If they do not sell then they will become REO’s and we will have the same effect! Unitil we have more regular sales that REO/ShortSales on the market we will stay the same. The good thing is that there are people buying who can see that now is the time to buy!

  64. Simon Padgett on July 7th, 2009 1:16 pm

    A fabulous and accurate overview which optimisms the current situation Aubrey!

    I believe that we will see some green shoots in October/November albeit I believe that the recovery will be slow but encouraging from this moment on. Its certainly a good time to buy between now and then.

  65. chris on July 8th, 2009 10:40 am

    Although it may be quite a while before property prices start to appreciate again it is not all doom and gloom.

    In fact it is far from it. If you are fortunate enough to invest in property now and place some tenants in this property, in perhaps a couple of years time this property will be worth a small fortune, I am sure of that.

    Perhaps while we are waiting for the increase in property prices we could all invest in virtual real estate. Try it for free simrealestategame.com

  66. Marshall on July 12th, 2009 10:08 pm

    If I only knew–

    However if you look at a number of real estate charts & graphs, you’ll see that the downward slope is starting to slow down significantly, especially in those markets that were the worst hit (Miami, San Diego, Vegas, etc.). My only concern is that unemployment will take its toll next on the market. If you want to see what I’m talking about, there are a few sites that display state level, county level and even ZIP code level trends on real estate–http://www.the-marketpulse.com is one of them.

  67. Access Antelope Valley Homes on July 14th, 2009 10:48 am

    The market will get better and when it does, we need to make some laws to prevent lenders refinancing homes for no good reason. They do it in an rising market and low and behold, when prices fall along with the entire economy, millions of home owners get into deep financial trouble.

  68. Raar Open Houses on July 14th, 2009 7:57 pm

    The market will get better when people start having more open houses.

  69. Austin Apartment Pro on July 15th, 2009 7:08 am

    We’re looking for the real beginnings of recovery around mid-2010 but there are so many factors that can delay that time frame. For example, the cost of gasoline going up by 17% in the last month just puts more pressure on consumers and businesses and if that trend continues to $4.00/gal gas again, who knows when we could see some relief.

  70. Mike D on July 17th, 2009 5:43 pm

    My name is Mike. I have seen this issue before. you ahve to read about it
    here, this will tell you want to do. Go to
    http://www.craigproctor.com for mroe about it. CRAZY~

  71. Mike D on July 17th, 2009 5:44 pm

    My name is Mike. I have seen this issue before. you ahve to read about it
    here, this will tell you want to do. Go to http://www.craigproctor.com for mroe about it. CRAZY~

  72. Moshe Cohen on July 19th, 2009 10:34 pm

    When new construction will pick up again you will know that prices bottomed out. Now you can get a better proposition with the huge supply on the market

  73. Sean Flanagan on July 20th, 2009 7:03 am

    Excellent article. Lots of great info, love to hear more.

    For more info visit: http://www.yuckyhouseleads.com

  74. Matt S on July 20th, 2009 9:06 pm

    Part of the problem is that we look at the national market as if it is a single homogeneous market. Nothing could be further from the truth. Certain parts of the country have done quite well over the past couple of years (meaning they have maintain appreciation near historical levels–not boom levels), while the boom markets have suffered dearly. Yet, even here in Tucson we are seeing market segments that are holding and yes even appreciating in value.

    There are still problems, but assuming we avoid any more nasty surprises (to include excessive government and big bank intervention) we are close to if not at the turning point. Our credit market remains a mess and the banks have way too many short sales and foreclosures to deal with, but this was a much needed wake up call.

    The national market will take years to recover (but will see some appreciation before then), and we are just starting the commercial phase of the “crash”. The key is, as always, to invest in strong local markets.

    http://www.TucsonREInvestor.com

  75. serviced office manila on July 20th, 2009 9:32 pm

    I think in the quarter of 2010. Informative keep posting.

  76. real estate on July 22nd, 2009 5:20 pm

    For me,we have seen that the Chinese real estate is recovering,so the US real estate shall come back soon.

  77. Real Estate Wake Up on July 23rd, 2009 3:56 am

    Any Real Estate firm that deals with bank foreclosures, and short sales should be barred from representing both the buyer and the seller.

    The infrince of self office collusion and self dealing stench makes the whole real estate field be discredited.

  78. Moshe Cohen on July 24th, 2009 4:18 pm

    FHFA Confirms HVCC is doing much better than bad press its receiving.
    On July 22, 2009 FHFA released a notice reinforcing the long term role of the HVCC in restoring the real estate market as a whole. In a short but very straight forward letter the agency addressed some very key points about the negative press the HVCC is receiving by the industry. The agency emphasized that the HVCC is not the cause of all the bad press about it but is rather a process that is helping restore the real estate industry as a whole. It addresses key points in respected to the use of AMC’s, Increased Cost of closing and turnaround times.

    In conclusion they emphasized the “critical role” of the HVCC and how important accurate appraisals and quality appraisers are to the underwriting process.

    This comes in at time in which the HVCC is the topic of much controversy and bad press. Although some of the bad press is a legitimate concern the majority of it is the industry lashing out on a major business change as everyone is still going through an adjustment period.

  79. Moshe Cohen on July 28th, 2009 12:51 pm

    The S&P/Case-Shiller home-price index rose 0.5 percent in May from the prior month, the first gain since July 2006 and biggest since May of that year.New York-area home prices remained stable from April to May, according to the index

  80. Rich Johnson on July 31st, 2009 3:27 pm

    Interesting topic – my folks were a product of the depression. The home that my sister & I were raised in was the only home that we knew. At that time people were not as mobile as they are now. In fact, if someone changed jobs everyone wondered what was wrong ie:”guy can’t hold a job”. The sperintendent of schools in Grandview WA was a person who had got a job teaching there, worked his way into administration and then given the job of Superintendent. At that time a house was a “home”. Today the house really is a commodity that results in Buyers being more concerned about “The Deal” than anything else.

    We have come a long ways since my sis I grew up on our farm on Appleway. I feel badly for the kids growing up today because most do not have the roots that my generation had.

  81. sajid on August 1st, 2009 11:06 am

    hi

    Thank you for the information provided .Dubai market as been effected badly in this field .All the investors are eagerly waiting when the real estate market will come up

    Dubai Properties

  82. sajid on August 1st, 2009 11:09 am

    hi

    it was very use ful information .The investors in Dubai are eagerly waiting for the market to come up

  83. Brian Patton, CCIM on August 2nd, 2009 6:02 pm

    I think we’re coming back. June housing numbers were pretty good. I wrote an article about it. check it out at:
    http://www.gbrianpatton.com it’s on the home page, right side bar

  84. Brian Patton, CCIM on August 2nd, 2009 6:02 pm

    I think we’re coming back. June housing numbers were pretty good. I wrote an article about it. check it out, it’s on the home page, right side bar

  85. Avelina Marshall on August 3rd, 2009 12:29 am

    A report has concluded that by the year 2010 the properties will appreciate again as many developments are being made for foreign investments. You bay see at Bayut.com developments panel very highly technology is being used in constructions.

  86. Eddie Stewart on August 3rd, 2009 3:12 pm

    Sadly I don’t see our property value crisis turning around anytime soon. This is terrible for many homeowners and awesome for real estate investors. I recommend people take advantage of the times. is on sale.

  87. Avelina Marshall on August 4th, 2009 2:17 am

    @Eddie Stewart

    Very true sir. Still hopes should be high. Be a part of such portals that keep you up to date with the recent developments and property rates.

  88. Clara James on August 4th, 2009 5:24 am

    Well according to my little knowledge and experience depreciation in the price of property will be start appreciate in the mid of the year 2010. The point is this decrease in price of property is not only the main area of concern but we have to see when will the recent crisis will be off.

  89. Zameen on August 4th, 2009 8:24 pm

    Hi clara James !!
    i do agree with you but it depends upon the policies made by the government because it is only the real step that can make possible to get out of the property crises come in this region. bayut.com is very good site in the region giving useful information regarding property and real estate business in Dubai.

  90. Avelina Marshall on August 5th, 2009 2:13 am

    Hi,
    Yes if you visit bayut.com them you will see many developments is in progress for local and foreign investors.

  91. Jennifer johnsan on August 5th, 2009 9:59 am

    yeah i just checked it and i guess bayut.com is gud for this purpose but the thing which i felt that is…..this post was not very impressive it lakes the attractive systematic way to explaining the real point…..

  92. mckinley hill fort bonifacio on August 5th, 2009 7:32 pm

    Real Estate will be appreciated as soon as dollar is stabilized.
    Definitely nobody can predict real estate market but better to be prepared on what ever market does have.

  93. Marie Joe on August 5th, 2009 8:20 pm

    Hi Avelina Marshal !!

    I totally agree with you. It is rightly said that the property crises in Dubai has really affected all the property related business in the Region.

  94. Justin Louie on August 7th, 2009 2:36 pm

    Real Estate will be appreciated as soon as dollar is stabilized.

    Okay, but the problem is the US market (I assume this is what we’re talking about) had such a large influx of printed money (i.e. bailout), large corporation problems, and weak consumer trust won’t allow the dollar to settle let alone appreciate.

    Historically, the sector to lead a crash is the last to pull out. I’m kind of hoping this isn’t the case.

    As for Dubai, I don’t know much about it, but good luck to everyone invested there.

  95. Sell Your House on August 8th, 2009 4:29 am

    I accept your point,no one can’t predict when real estate come back.

  96. UnderOnePercent on August 17th, 2009 11:52 pm

    Yes!Definately the day will come so that the Real Estate values will be Appreciated by somany investors even.It’s sure.Thank for the Article.Good One.

  97. marvin on August 18th, 2009 9:33 pm

    Real estate business has been largely hurt by the current economic crisis worldwide, and the bailout plan doesn’t seem enough to make the housing sector catch up with the crisis many of us expected. I do hope that in due time, with the help of that plan, real estate business and lots of homeowners that are on the verge of losing their own homes could eventually enjoy what they have before.

  98. Carlos Rodriguez on August 20th, 2009 12:44 pm

    Actually In the past couple of months I have noticed a bit of change. Maybe the changes are coming in slowly, but things are definitely picking up again.

    I personally specialized in Repos for a while because of the crisis:

    http://chinohillshomerepos.com

  99. Gaic on August 24th, 2009 3:51 am

    Hello,

    We often forget about Slovenia, a safe country to invest (and such a beautiful one!). Futhermore properties are still very affordable and the environment great.
    The location makes Slovenia a great destination for Saling, skiing, mountain biking, hiking and also for the great food quality.

    For example, here is a house in a vineyard at the top of a hill in Lendavaske gorice (east of Slovenia) for only 99 000 euros: http://lendava.webs.com

  100. Max on August 29th, 2009 3:41 pm

    Hi,
    I am not sure if I should buy a Condo or Home.
    Looking for help.

    Thank you.

  101. Justin Louie on August 31st, 2009 9:48 am

    @Max, it really depends what your life style and investment strategy is. Condos are a much harder thing to deal with at the moment because a single foreclosure in a condo complex can ruin the prices for everyone else. Even complexes that are new construction aren’t healthy. Houses are much easier to comp and deal with even if there are foreclosures around. Also with deals, house foreclosures are easier to find than condos as well.

    If you want, feel free to toss me an e-mail @ jlouie@incolo.com. I’ll be glad to help you out more.

  102. Iowa City Real Estate on August 31st, 2009 3:25 pm

    Hi Maxine,

    I am a Realtor from Iowa City. I have information that you should read about the Pros & Cons of buying a Condo vs. Home.

    Please let me know if this helps.

    Cheers,
    Michael Mceleney

  103. Deana Luedtke on September 1st, 2009 2:01 am

    Deana Luedtke agrees to “The truth is nobody can accurately predict the return of the real estate market. Like everyone else, I can’t predict the end of this crisis either, but what I can do is tell you what will have to happen to facilitate that change. The answer is quite simple: America must reinvest in herself once again. Without an investment, real estate is as worthless as the Dollar is today.”
    Thank you Deana Luedtke

  104. Real Estate Advice on September 1st, 2009 7:04 am

    I think we are starting to see an upswing in western north carolina, however we weren’t hit as hard as the rest of the country.

  105. dubai properties on September 1st, 2009 10:05 pm

    I think by end of 2010 it will be ok
    Dubai as effected badly

  106. Bat on September 3rd, 2009 7:33 am

    I certainly have to agree with many of the comments on here. It really is about locality. Ever locale nationwide, worldwide for that matter is different. Already here in NY we are seeing more and more interest in home buying. It doesnt always stay bad. Real Estate like anything else is cyclical. It is coming back. I bought low and sold high about ten years ago. Since then it has gone higher then crashed. Peaks and valleys my friends.

  107. Baltimore Homes on September 5th, 2009 8:18 am

    Over the past 4 years we have experienced ultra fast appreciation on homes in the united states. Home prices were detached from what the average middle class family could afford. As a result, people leveraged themselves using exotic financing to obtain their goals. The market is based on supply and demand and homes had a false demand based on the availability of money. We are just comming back to reality. It hurts but the depreciated values are here to stay for the next 10 or so years. For those “nay sayers” just look back to the 1980’s for historical proof.

  108. Utah PPR on September 5th, 2009 11:51 am

    A good book on the current economic cycle is Harry Dent’s “The Great Depression Ahead”. He predicts real estate will recover in the 2020’s. Although prices have not recovered, we are seeing a lot of movement in our Ogden Valley Real Estate brokerage.

  109. Atlanta Real Estate on September 6th, 2009 7:18 pm

    Tell ya what, the prices are still dropping here in North Atlanta.

    Rob

  110. Sell Your House on September 6th, 2009 10:11 pm

    Now real estate situation is better than before six months.I am getting good business in all over USA.No one can justify about when real estate will come back soon.We can believe real estate have good opportunity for make a profit.There is no doupt.Be think postive

  111. oglasnik on September 7th, 2009 10:46 pm

    On the global scale i think we`ll have to wait a bit more time…

  112. Atlanta Real Estate on September 8th, 2009 3:09 am

    @Oglasnik

    What are you thinking, like two more years? Or more?

    RM

  113. NRI Real Estate on September 8th, 2009 9:10 am

    Great!, i like it so much, thanks to post it.

  114. oglasnik on September 9th, 2009 4:24 am

    I think at least 2 years..perhaps more. I read one article in which was written than 2007 real estate average prices will be reached not before 2018 or so…

  115. Atlanta Real Estate on September 9th, 2009 4:30 am

    @Oglasnik

    Completely believable and even then, it will only because of 2018 dollar versus the 2007 dollar.

    It’s unbelievable to me the small, poorly build junk houses that were 15 feet from their neighbor on both side….that were going for $500k++

    At what point did people just stop thinking and completely lose their minds?

    Oh, I guess 2007.

    :)

    RM

  116. Subscribe to the Real Estate Investing BlogSubscribe When Will Real Estate Values Begin to Appreciate Again? | WWW.BKASSETS.COM on September 9th, 2009 10:08 am

    […] a great article from The Real Estate Investment Blog from November 2008 by Aubrey. She speculates about the future of real estate value at the beginning […]

  117. oglasnik on September 10th, 2009 5:20 am

    Yeah probably with the inflation calculated even more…

  118. BankOwnedinDeetroit on September 10th, 2009 12:50 pm

    I agree with Deana Luedtke’s comment ..you can’t predict the outcome of the real estate market.It really varies. Location is i think one of the factor. But now is the time to invest in bank owned homes..Quality but affordable!

    You’re About To Learn Secrets That Most Real Estate Investors Will Never Know About Buying Bank Owned Properties” if you browse Bank Owned in Detroit

  119. Imóveis em Atibaia on September 11th, 2009 5:32 am

    Hi… I think the real estate websites are doing their jobs!
    Could you imagine search for a home without internet?

  120. Real estate Philippines on September 13th, 2009 10:31 am

    I’m very thankful for this post, I am now not worried too much for the value of real estate. I’m sure it will appreciate again.

    -david

  121. jerry on September 13th, 2009 8:27 pm

    I agree with what you said to an extent, however it seems like nobody wants to talk about the “i” word. Basically,to me it seems that if the value is deflated, everything it buys will be deflated. We all know that the ridiculous underwriting of greedy investors and mortgage bankers ultimately drove us to this point by investments based on air…and their accompanying insurance plans of the same type, however to me the solution is a tad bit less complicated. Raise interest rates. The only people benefiting from the ridiculous low interest rates and their subsequent spreads are the same people who did this in the first place, went broke, got bailed out, and now they’re putting themselves in a position to do it again. As long as money is being poured into the economy at no value it will devalue the money that is out there. So this brings us to the solution…Inflation. Inflate the value of the dollar and you inflate what it buys and has bought. You do this by limiting the supply. In other words…Make money expensive. The rest will work itself out in about 5-10 yrs. As far as the low… Watch for rapidly rising interest rates. The bottom will be very near. My homes for sale Bentonville AR are down nearly 30% from this same time 18 months ago. To me when you own stuff, inflation is a good thing. When you don’t, obviously it’s not. Anyway, that’s my limited take on the situation.

  122. rent office space makati on September 16th, 2009 5:52 pm

    Nobody can predict the real estate market,In time real estate will appreciated again. The demand in buying house depends on time just like one blog I read says that it wise to avail property amid of recession.

  123. reo properties in Wake on September 18th, 2009 11:18 am

    I believe that there is always a perfect time for the market to recover.
    As much as possible much better. Real Estate is appreciated this current year and up to that next next year, surely that there will more businesses will invest in this business.

  124. property prices on September 24th, 2009 11:10 pm

    It‘s a nice blog.
    Thanks.

  125. Nick Johnson on September 28th, 2009 4:44 am

    The market will recover sooner than expected. I believe in certain markets there are already significant increases of investor activity. In the next few years as interest rates rise Subject2 Investing with No Money Down will increase in popularity and I’ll be positioned to take advantage.

  126. Team Aguilar on September 29th, 2009 4:53 pm

    I think it depends on those that are in the real estate market. If there is an effort to begin to learn from the recession / depression and change the options for home buyers, then a recovery may never happen. The system has to change and the mindset of potential owners have to be educated so purchases can move back. Information such as http://www.teamaguilar.com/search-san-diego-homes.html can help to move out of the slump that the economy is in.

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  128. Jackal on October 5th, 2009 10:29 pm

    With today’s combination of lower home prices, some of the lowest interest rates the industry has ever offered, and the $8000 tax incentive for first-time buyers, buying a home has never been so attractive. The only real hurdle left for many Americans is coming up with a down payment. With this in mind, we’ve put together some of the most frequently asked questions we get about down payments in today’s market.

  129. Baltimore Real Estate on October 12th, 2009 4:17 pm

    Well said! In the Baltimore real estate market we saw homes increase in value by over 100%. Buyers were purchasing with little or no money down and really did not care about their properties condition. They simply thought that their home would keep increasing in value to no end. As we know this simply was not the case. Our economy just like many businesses will need to write down some of the losses incurred by the rise and fall of real estate in our country.

    In my opinion, we have several more years of pain. FHA has allowed lending to continue for the short term. However, reserved are as critical lows, which is why they continue to raise their underwriting standards. For a decade our economy has been supported by what I call a “double Bubble” the stack market Tech bubble and then the Housing bubble.

  130. Sarah on October 15th, 2009 7:45 am

    Thankfully here in San Antonio, TX we never experienced the bust. We bought our house 10 years ago. About 3 years ago we lamented that our property values had not skyrocketed like in other cities, but now we’re glad our house hasn’t depreciated either. Our city has 2 things going for it, military bases and huge medical centers. There are plenty of new developments going in. Places like http://thepalmira.com/ are exclusive gated communities with high end real estate for San Antonio, but would be considered a bargain anywhere else.

  131. Gainesville FL Real Estate on October 17th, 2009 2:17 pm

    Real estate is just an asset class. It could be in an extended bear market for decades. In addition, land is what you’re really buying – the structure or home is just a depreciating liability.

  132. Keith Reilly on October 19th, 2009 11:13 am

    Very interesting thanks!

  133. Jon on October 21st, 2009 12:41 pm

    Cant wait to start this product. I have been playing around with real estate for some time now and I am alway wanting to learn more. I have came across an e-book that help me alot. If anyone is interested in improving it is really great. It is called my real estate wealth. Will let everyone know about this one as well.

  134. Real Estate Investor Software on October 26th, 2009 10:45 am

    House prices in Florida have seemed to flatten out… but my guess is that we see more declines before it recovers.

  135. Sotogrande Estate on October 27th, 2009 12:44 am

    I think this year is best for investing in real estate development and buying properties in Spain .

  136. Belleville on October 29th, 2009 8:40 pm

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  138. realestate leads on November 8th, 2009 5:10 pm

    Hello,

    I was just down in Fountain Hills outside of Scottsdale AZ and it looks like the market there is picking up (along with prices). I’m in Vancouver, BC and the market up here started to pick up last March (2009).

  139. Greg Baker on November 9th, 2009 2:01 pm

    With all the foreclosures out there I’d say its a great time to get into investing. Just take it slowly. If you’re able to buy something and hold it for a few years I don’t see how you can’t make a profit.

    Download the documents you need to rent your property! Leases. Late Notices. Applications

  140. Tarn Smith on November 11th, 2009 1:55 am

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    Thanks For create thi blog. it is very help full blog in real estate

  141. Tarn Smith on November 11th, 2009 1:56 am

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  142. mike williams on November 12th, 2009 8:24 pm

    As a Denver Business Lawyer, I can tell you that the prices have already turned, and we are seeing a huge upswing in the formation of new r/e investment business formations among our client base.

  143. Santa Clarita gay homes on November 12th, 2009 10:56 pm

    It will recover/appreciate again. As a realtor, optimism is the key to survive in this industry.

  144. Rich Stover on November 14th, 2009 2:19 pm

    This info is getting real “old.” Things aren;t as bas as they were when this was written, but things are finally beginning to turn around and we should be focusing on the brighter side of things I’d think at this point.

  145. Carmen Arruda on November 17th, 2009 2:07 pm

    With today�s combination of lower home prices, some of the lowest interest rates the industry has ever offered, and the $8000 tax incentive for first-time buyers, buying a home has never been so attractive. The only real hurdle left for many Americans is coming up with a down payment and of course the ABILITY to obtain financing.

  146. Carmen Arruda on November 17th, 2009 2:07 pm

    With today�s combination of lower home prices, some of the lowest interest rates the industry has ever offered, and the $8000 tax incentive for first-time buyers, buying a home has never been so attractive. The only real hurdle left for many Americans is coming up with a down payment and of course the ABILITY to obtain financing.

  147. Carmen Arruda on November 17th, 2009 2:11 pm

    Carmen Arruda’s thoughts on tax credit:
    Check out this story about the extension of the housing tax credit:

    http://abclocal.go.com/wabc/story?section=news/politics&id=7087955

    If you want to skip it, here’s the interesting part (which they do not explain in detail):

    1,400,000 homebuyers have taken advantage of the tax credit.

    The story specifically states that NAR estimates that 350,000 of those wouldn’t have purchased without the tax credit, meaning 1,050,000 would still have purchased without the tax credit.

    This means the total cost of the program breaks down like this:

    1,400,000 x 8,000 = $11,200,000,000 (11.2 BILLION)

    This means the total cost to give the 350,000 people who wouldn’t have purchased a home without the tax credit was the 11.2 Billion; which means:

    11,200,000,000 / 350,000 = $32,000 per transaction

    So:

    It cost $32,000 for each individual who got the $8,000 tax credit, to motivate them to purchase a new home.

  148. Carmen Arruda Fidelity National Title on November 17th, 2009 2:14 pm

    $8,000 First-time Home Buyer Tax Credit at a Glance

    •The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
    •The tax credit does not have to be repaid.
    •The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
    •The tax credit applies only to homes priced at $800,000 or less.
    •The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
    •For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.
    •For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.
    The $6,500 Move-Up / Repeat Home Buyer Tax Credit at a Glance

    •To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.
    •The tax credit does not have to be repaid.
    •The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500.
    •The tax credit applies only to homes priced at $800,000 or less.
    •The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010.
    •Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.
    •Who is eligible to claim the $8,000 tax credit?
    First-time home buyers purchasing any kind of home—new or resale—are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and on or before April 30, 2010. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner. A limited exception exists for certain contract for deed purchases and installment sale purchases. See the IRS website for more detail.

    However, the law also allows home sales occurring by June 30, 2010 to qualify, provided they are due to a binding sales contract in force on or before April 30, 2010.

    Persons who are claimed as dependents by other taxpayers or who are under age 18 are not qualified for the tax credit program.

    •What is the definition of a first-time home buyer?
    The law defines “first-time home buyer” as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse.

    For example, if you have not owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit. However, IRS Notice 2009-12 allows unmarried joint purchasers to allocate the credit amount to any buyer who qualifies as a first-time buyer, such as may occur if a parent jointly purchases a home with a son or daughter. Ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer.

    •How is the amount of the tax credit determined?
    The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

    •Are there any income limits for claiming the tax credit?
    Yes. For sales occuring after November 6, 2009, the income limit for single taxpayers is $125,000; the limit is $225,000 for married taxpayers filing a joint return. The tax credit amount is reduced for buyers with a modified adjusted gross income (MAGI) of more than $125,000 for single taxpayers and $225,000 for married taxpayers filing a joint return. The phaseout range for the tax credit program is equal to $20,000. That is, the tax credit amount is reduced to zero for taxpayers with MAGI of more than $145,000 (single) or $245,000 (married) and is reduced proportionally for taxpayers with MAGIs between these amounts.

    •The income limits for claiming the tax credit were raised when the tax credit was extended. Are the higher limits retroactive?
    No. The new income limits are only applicable to purchases occurring after November 6, 2009.

    The income limits for sales occuring on or after January 1, 2009 and on or before November 6, 2009 are $75,000 for single taxpayers and $150,000 for married couples filing jointly.

    •What is “modified adjusted gross income”?
    Modified adjusted gross income or MAGI is defined by the IRS. To find it, a taxpayer must first determine “adjusted gross income” or AGI. AGI is total income for a year minus certain deductions (known as “adjustments” or “above-the-line deductions”), but before itemized deductions from Schedule A or personal exemptions are subtracted. On Forms 1040 and 1040A, AGI is the last number on page 1 and first number on page 2 of the form. For Form 1040-EZ, AGI appears on line 4 (as of 2007). Note that AGI includes all forms of income including wages, salaries, interest income, dividends and capital gains.

    To determine modified adjusted gross income (MAGI), add to AGI certain amounts of foreign-earned income. See IRS Form 5405 for more details.

    •If my modified adjusted gross income (MAGI) is above the limit, do I qualify for any tax credit?
    Possibly. It depends on your income. Partial credits of less than $8,000 are available for some taxpayers whose MAGI exceeds the phaseout limits.

    •Can you give me an example of how the partial tax credit is determined?
    Just as an example, assume that a married couple has a modified adjusted gross income of $235,000. The applicable phaseout to qualify for the tax credit is $225,000, and the couple is $10,000 over this amount. Dividing $10,000 by the phaseout range of $20,000 yields 0.5. When you subtract 0.5 from 1.0, the result is 0.5. To determine the amount of the partial first-time home buyer tax credit that is available to this couple, multiply $8,000 by 0.5. The result is $4,000.

    Here’s another example: assume that an individual home buyer has a modified adjusted gross income of $138,000. The buyer’s income exceeds $125,000 by $13,000. Dividing $13,000 by the phaseout range of $20,000 yields 0.65. When you subtract 0.65 from 1.0, the result is 0.35. Multiplying $8,000 by 0.35 shows that the buyer is eligible for a partial tax credit of $2,800.

    Please remember that these examples are intended to provide a general idea of how the tax credit might be applied in different circumstances. You should always consult your tax advisor for information relating to your specific circumstances.

    •How is this home buyer tax credit different from the tax credit that Congress enacted in early 2009?
    The tax credit’s income limits were increased, the documentation requirements were tightened, and the program’s deadlines were extended.

  149. vlad on November 18th, 2009 12:01 am

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  150. Remax Integrity on November 19th, 2009 9:05 am

    In our market in minnesota we are seeing signs that maybe next year the dark hole we have had for the last few years might open up a little.

  151. Discount Home List on November 19th, 2009 11:52 pm

    The recovery is regional. Many areas have started a recovery, while others are still going down in price. In Florida we have properties still dropping, but sales are picking up because of all the deals. This is of course natural supply and demand working itself out. The more properties we can get off the market, the more values will start to stabilize. Look at how cheap Orlando houses are right now. I remember buying houses in Memphis, TN at these prices!

  152. Overland Park Homes for Sale on November 23rd, 2009 9:56 am

    I agree that getting back to solid buying and selling principles is important however I feel Real Estate values can still appreciate without those principles. Job Growth on the other hand is essential to the stability and eventual appreciation of the U.S. housing market.

  153. Charlotte Appraiser on November 28th, 2009 9:15 pm

    Hopefully soon. I still predict another huge supply of REO properties to hit the market in 2010. This could further cause another dip in home prices.If consumer confidence increases, and unemployment decreases and with the help of the Home Buyers Tax Credit, hopefully price will at least become stable to increasing. Charlotte Appraiser should be keeping up with current supply and demand, as this is one of the biggest predictors of future home prices.

  154. Scott Nachatilo on November 29th, 2009 5:13 pm

    It depends on the property, if it’s land it’s value always increase as the time goes by especially when the place where the property was located has been improving its value. The house or a building it begun appreciated when you make renovation or it’s depends on the recent value of the current price on the market.

  155. Jersey Girl Flip Houses on December 1st, 2009 9:52 pm

    I agree that we have to get back to the value of the asset and the investment in the asset and not the availability of these loans. We have to not let loans dictate the housing market which put us in this situation. Granted the individuals buying these properties made the decision to over exert themselves but we always want more. It’s the plaque that bites us in the butt in the end. America will return!

  156. Patrick on December 2nd, 2009 1:54 pm

    Investing in emerging markets is the way to invest in real estate. Buy for cash flow and appreciation! That’s how to do it. Invest in Real Estate

  157. bhartirealty on December 6th, 2009 5:38 am

    I think it it will pick up suddenly

  158. Makati Condos on December 9th, 2009 1:22 am

    I certainly agree for some of the comments here,and the best way to get back the value of real estate is to invest more and promote more to the market so they will know what really our business so that they will give interest for it.

  159. Beverly Fast SInclair on December 9th, 2009 7:17 pm

    I have seen a good increase in business some investmetn and some first time home buyers. I do not expect 2010 will be a bragging year by any-means but do see things gradually improving. It is tough to predict but I am excited about 2012 here in Carmel Indiana. Indianapolis is hosting the Super Bowl and it always helps property sells.

  160. Los Angeles lofts on December 12th, 2009 9:54 am

    I think our economy should brace itself for a heavy dose of inflation. Home prices will rise to the past values, but the value of the dollar wont be there to back them up. As prices rise lenders will be able to justify loans once again.

  161. Jared Gruber on December 14th, 2009 5:31 am

    Thank you ! Great Post and great follow up comment. I could not agree more with the sentiment of this post and the majority of the comments.

  162. rahul chaurasia on December 15th, 2009 9:38 am

    nice information

    Bharatplot.com

  163. Keith Reilly on December 17th, 2009 8:05 am

    Thanks for the article, the guess for my region (greater philadelphia) would be spring 2012.

    Thanks!

  164. Atlanta Townhomes on December 17th, 2009 11:41 am

    Maybe never, huh?

    Why should it ever revisit the manic times?

    RM

  165. Moverscrop on December 18th, 2009 12:40 pm

    It’s really bad when you have to move to a smaller home. Even if you do get good prices on your old one, you still have to deal with the moving which can be very costly to your possessions and your wallet.

    Use http://moverscorp.com/ for best results.

  166. Simon Salloom on December 22nd, 2009 11:40 pm

    Southern California home prices and sales improve in November
    Southern California’s real estate industry, decimated by the mortgage meltdown and housing bust, is stirring to life again — even making hiring plans — as home prices bounce back.Find more information about Santa Monica and Brentwood Real Estate Here

  167. Adam Davis on December 23rd, 2009 5:59 pm

    It’s all about supply and demand. Things are being propped up right now by govtrnment stimulus. It will be interesting to see how things pan out as interest rates increase and stimulus wanes. This is such a great bargain time to load up on properties if you’re an investor. If you’re a homeowner, things are going to be tough for a while. We are a resilient country, we’ll pull through it.

  168. Matt on December 27th, 2009 11:49 am

    As Simon is saying the home prices are stabilizing in Southern Cali but some other markets such as Scottsdale, AZ have been still slightly dropping.

    http://www.shortsign.com/Real-Estate-Scottsdale-AZ

  169. Johnson County KS Real Estate on December 28th, 2009 6:25 pm

    I think this is a great question that is on everybody’s mind heading into the New Year. Thank you for the post. I hope things turn around over night, but no one is holding their breath for that!

  170. Mike Lautensack on January 1st, 2010 11:17 am

    The recent news shows the increases are stilling working but the increases have slowed and with the first time buyer progra,m going away in April we may see a very slow market in 2010
    Mike

  171. Home Mortgage Kansas on January 3rd, 2010 9:14 pm

    Aubrey,

    Crazy thing is that this article was written over a year ago, and this question is still on all of our minds. We are starting to see a few signs of life, but the forecast from most is that it may still take a little while. Very interesting to read this post and scroll through over a year of comments, all asking the same question.

  172. Simon Salloom on January 4th, 2010 12:17 am

    Good thing you have done here, Thanks!
    Simon Salloom LA Times: Sales of existing homes soar 7.4% in U.S.
    This is a pretty up beat article about home sales that I am quoted in. We need more positive news these days.
    Find more information about Santa Monica and Brentwood Real Estate here

  173. mark toby on January 8th, 2010 5:57 pm

    There’s Never Been A Better Time To Invest In Real Estate Than Right Now. With Today’s Volatile Economy, The Timing Is Perfect To Exploit The Marketplace And Make Big Returns On Your Investments.visit here for more details – http://budurl.com/realstateinvesting

  174. property on January 13th, 2010 9:41 am

    I agree to an extent if you have the cash and don’t have to borrow. There are lots of opportunities and if you find the right deal you can take advantage.

  175. Istanbul Property on January 14th, 2010 4:01 am

    To be honest , the market needs more trust and it will take minimum 2 years to settle all things as before. The global crisis has also to be stable to attract more investors.

  176. Aquaspace on January 15th, 2010 1:54 am

    Great Article, Thank you

  177. Northern Utah Homes on January 15th, 2010 10:29 pm

    This is really an interesting post. Although most markets are experiencing depreciation, some real estate markets are appreciating as well. This is because of the so many factors that affect the entire real estate market and one of these is the dropping of home prices.

  178. Seth Ross on January 17th, 2010 10:45 am

    Hoping that the interest rate being fixed again at 0.5% in the UK will help the UK property values raise, and keep the rental market competitive as well.

  179. Seth Ross on January 17th, 2010 10:52 am

    The dip in the real estate market has certainly raised the value that private landlords can command in the UK. But it looks like the buying market should pick up again this year.

  180. Mike Lautensack on January 17th, 2010 6:57 pm

    I think they will start to rise in the next 6 months and we are seeing more and more signs that the real estate market has put in a bottom

    Mike

  181. Comox Valley Real Estate on January 18th, 2010 3:07 pm

    In my area in British Columbia, prices dropped and were at an all time low around early 2009, and have already started to recover. Interest rates are also very low still with a 5 year fixed rate of under 4%.

    I think all of the US and Canada will see prices rise, however, they will go up much more slowly than they have in the past.

  182. fort bonifacio condos on January 18th, 2010 11:31 pm

    I guess it will specially if it is being developed and improved over the time. Some may take several years but it’s worth it.

  183. Austin Apartments on January 22nd, 2010 9:13 am

    I think home values will start to bottom and appreciate again when the unemployment rate starts to drop and a bit of confidence returns to the economy in general. I agree that we have to to get back to the days of a real investment in the American Dream. That means 20% down and caring about what your credit score, debt burden and savings look like.

  184. Garry Benson on January 22nd, 2010 11:26 am

    Sound but easy answer. Someone asked if I was insane when I was quoted about the upturn in a Crain’s Chicago Business article. The thinking goes beyond Chicago into submarkets across the country. It all depends on where you are.

    I based my observation on HARD FACTS and observations after witnessing 43 units (over $11 million dollars worth of real estate at about $278 per square foot) sell in 90 minutes. 90 minutes! Yes, it was an auction. And yes the average purchase was 25% below last asking price. But the sheer momentum indicates something exciting is afoot. Namely that SOME people are very interested in buying real estate again.

    Check out the full article here. http://tinyurl.com/y8q4vj5

    Garry

  185. Ben's Vancouver WA Real Estate on January 24th, 2010 7:36 pm

    What an article. Predicting the future is never easy, but it’s good to understand the clues and probabilities.

    Thanks!

  186. Lance Puig on January 26th, 2010 11:00 am

    Business is starting to go up. With acquisition costs are at an all-time low, it’s not difficult to get in on the profit -taking.

    Certainly, the lenders processing times are slow. True, there are no more NINJA loans, ARMS, sub-prime, no doc and all the rest of the assorted smoke-and-mirror loan products. But, there are banks that have to get loans placed and are looking to close on solid “vanilla” deals. The wheels move slowly in this environment, but they do move. And when a bank is underwriting an investor with a 789 credit score who brings 20% in equity to the table,loans do get closed.

  187. Jason on January 30th, 2010 9:10 pm

    Aubrey thanks for the great article this is a very interesting topic

    I am stating to fell the economy coming back here in Costa Rica. Aubrey you absolutely right here in Costa Rica we have not had to deal with as much of the economic melt down as what has happened in the US, and i thing this mainly because not to many people here have big mortgages with only a small amount of their own money invested.

    People here just don’t normally take loans on properties for a number of reasons interest rates are very high in most cases, the banks have some very strict guidelines for borrowers, and all mortgages require an appraisal which usually means a higher assessed property value and higher taxes.

    Most people just save up and pay as the go because they don’t want to be over extended if some thing happens to their source of income. and this is exactly why Costa Rica property values have been doing good. I’m not saying properties are selling for the same price they were 3 years ago, but they still selling at slightly reduced prices.

  188. Areyo Dadar on January 31st, 2010 7:59 pm

    I know we all want to hear that the market is going to be going back up soon…

    The reality is the we have a couple more years of depreciation ahead of us. Statistics show that there is a wave of foreclosures on the horizon that is going to be bigger than the past 24 months.

    2010 is going to get a lot worse and its going to start hitting the luxury priced homes as well. And lets not forget about commercial…

    Areyo Dadar
    Real Estate Expert
    Big Block Realty

  189. Real Estate on February 2nd, 2010 10:12 pm

    Invest now as the foreclosures out there are doing double time. If you’re able to buy something and hold it for a few years I don’t see how you can’t make a profit.

  190. Lance Puig on February 3rd, 2010 5:12 pm

    I agree about reinvesting back to America. In our own little or big ways, we made this thing happen and we are the only ones who can get it back up. Let’s start reinvesting, not just in real estate but in banks and other investment portfolios. We can do this.

  191. Real Estate Living on February 3rd, 2010 8:28 pm

    No one can predict the real estate market. In time real estate will appreciated again.

  192. Los Angeles lofts on February 16th, 2010 9:29 am

    it’s inevitable that real estate will appreciate again. The largest problem currently is that lenders are just not willing to step back into the market at thsi time. Buyers are out there – but without a loan transactions are not able to be completed.

  193. Washington Real Estate on February 16th, 2010 10:36 am

    Although everyone is painfully aware of our financial meltdown, and how regardless of the money thrown at the machine, we are still in more of a slump then most realtors can truly thrive on, we have noticed over the last quarter of 09 the numbers have begun to rise on home sales in the Tri-Cities Area.
    Great Post, would love to see a follow-up in a few months!

  194. JR McGee on February 16th, 2010 2:40 pm

    Only time will tell when values start to rise again. I feel it is due to the fact that many people are currently scared of the real estate market after all of the news during the bailout and how failed the system was. It is going to take a decent amount of time until the American public begins to spend like they used too. Hopefully this time when they spend they are thinking about the future and if they are actually able to afford all of the material items they desire. Lets face the facts though the housing market will eventually come back up due to the pure fact that individuals want to own homes it is a feeling that many strive for. The real key is purchasing homes within our own means and not over investing ourselves and defaulting on mortgages.

  195. Lisa Johnson on February 18th, 2010 2:13 pm

    I have seen current trends that show real estate values starting to rise is small increments. It is nothing compared to what we were all used to but I feel it is a step in the right direction. It is a shame how unstable the market had become and the amount of loss it brought on to some people. Hopefully with the new pulse to the economy we can get back to where we once were!

  196. easyhomesite.com on February 22nd, 2010 10:24 am

    There is a lot of “shodow inventory” that is looming. Well over 10 million homes are set to foreclose this year, The process has been held but by all of the bailout programs that the banks had to adhere to in 2009. This has createeda huge backlog of properties that will hit the market in 2010. A sunami of inventory that will cause values to drop like crazy. Additionally there are still a lot of bad mortgages that have yet to adjust, forcing more homeowners to face foreclosure. I think we still have another 5-7 years of this mess.

  197. David on February 23rd, 2010 7:44 am

    Interesting article. I think you make a good point about reinvesting in the “American Dream”. Unfortunately, agree with many of the other posters that the end may be further off than we would like. This is bad news for the real estate market, good news for the buying market, and a double edged sword for those of us stuck in between.

    I have been looking to invest in some excellent apartments for sale in the DFW area in order to do some renovations and then resell. But with property prices so low, I am worried that even if I get the property at a steal, with selling prices I will not be able to make my money back once they are done.

  198. San Diego Mortgage guy on February 23rd, 2010 8:03 pm

    I like your perspective and views on the “REAL” estate market. When I read the title i thought that you were going to make a prediction. I like the statement much better.

  199. Rowell Auctions on February 24th, 2010 8:14 am

    I think the current economy and the lack of easy credit is going to slow folks down a bit more than a change on the view of the American Dream. Knowing what could happen (today’s market) will temper at least this generation during their next home purchase. Then the cycle could start again if we forget our past.

  200. Tommy Lorden on February 25th, 2010 2:22 pm

    It is a shame that there really is no telling when the market will start to rise again. I currently work in Boulder, CO and the market trends have been a bit up and down here recently. Nothing has been stable enough to actually find some faith in. I feel that the National economy as a whole is still in a slump and it will need to increase before it trickles down to real estate.

  201. Bill Hernandez on February 26th, 2010 10:23 am

    I currently work in the Miami, FL area in the Luxury Condominiums and Real Estate business and we have yet to see any steady increase in our market. The interesting fact is that our market wasn’t hit as hard as the entire housing market of the United States. It just seems like growth in many of the cities throughout Florida has started to slow down. Hopefully soon this all will turn around.

  202. Barbara Blue on March 8th, 2010 9:25 am

    Well written post it truly is the main question on the entire markets mind. It really is up in the air still as to when prices will start reflect the information they once did. I am a Realtor in the state of South Carolina and we still haven’t seen any large jumps in the right direction yet. Hopefully with our economy slowly building back up the real estate market will soon follow.

  203. Robb Ryan on March 11th, 2010 5:37 pm

    Great article. I think this is a great question that is on everybody�s mind heading into the New Year. Thank you for the post. I hope things turn around over night, but no one is holding their breath for that!

    Robb
    Arch Interim Housing

  204. Zimp on March 11th, 2010 11:30 pm

    Home prices still have a way to come down before they are affordable for families again. Prices just got way out of whack compared with the average families salary. We probably won’t see a turn upwards again until the jobless rate come down. There are just not enough high paying jobs to support housing right now.

  205. Frank Rizzi on March 16th, 2010 11:14 am

    It is hard to say when values will start to appreciate again. It is quite a shame that they have gotten to the point they have. America as a whole got caught with their hand in the cookie jar and we are all now paying for it. Hopefully once our economy starts looking better and moving along the real estate market will soon follow.

  206. Greg Sidoff on March 16th, 2010 11:16 am

    I feel that the real estate market just needs to see some positive news and reinforcement to encourage people to start investing again. Although the process make take a long amount of time I myself have faith in the American real estate market and what it is truly capable of.

  207. Mike Woods - Indianapolis Real Estate on March 20th, 2010 2:15 am

    I think it will be about 4 more years before we start to see any appreciation in Indianapolis, Indiana. I’ve started to do statistical reports for Indianapolis and central Indiana.

  208. Abbotsford Real estate on March 25th, 2010 6:06 pm

    It’s very interesting how it used to be such a big market and now it’s impossible to predict. I think it will go up, not sure when, but things are changing. Small changes can cause chain reactions, hopefully good ones.

  209. tax lien foreclosure on March 28th, 2010 10:25 pm

    From your mouth to God’s ears

  210. Mike Bridges on March 29th, 2010 12:16 pm

    Hi, thanks for the interesting article. I hope the market recovers but for now I am looking at reviewing and rebuilding my real estate portfolio.

    Cheers,
    Mike Bridges
    CEO Property Express CRM
    Property Express CRM

  211. Boise Idaho Real Estate on March 30th, 2010 4:51 pm

    This was obviously a topic that touched a lot of nerves. Boise Idaho Real Estate is still in turbulence. unemployment is at about 10% so not only are sales slow but Notice of Defaults is rising.

    Trey

  212. Istanbul Property on April 7th, 2010 12:21 pm

    To be realistic, it will take up to 4 years. The capital appreciation will come after when the economical figures of country will reach the level as it was in past.

  213. Istanbul Property on April 7th, 2010 12:26 pm

    The capital appreciation will increase when the red snow drops down :P To be honest, country will go for solid solutions rather than imagination.

  214. An Easy Way to Find Things to Write About « The AgentMapIt Blog on April 7th, 2010 12:59 pm

    […] found this great post over in The Real Estate Blog called When Will Real Estate Values Begin to Appreciate Again? by Aubrey Clark. Aubrey claims that the current slump is forcing us to return to values held by our […]

  215. Commercial Note on April 10th, 2010 4:58 pm

    I think the most important part of this blog is the 3rd sentence. No one can really predict when the real estate market will on a whole get better. You constantly see/hear “analysts” and “experts” talking about when a recovery is going to take place. But truth be told, no one knows. If people can predict when the recovery will take place, they should also be able to predict when the next recession is going to happen.

  216. Bret Clive on April 11th, 2010 9:17 am

    Nice post.. I agree with you. No one can clearly predict the future. But lets hope for the best.

  217. Dan D on April 13th, 2010 2:41 am

    Predicting it is definitely a trick. All I know is that investors are buying up real estate Left and right right now in this area. So I guess if your an investor now is the time to buy.

  218. Bella Vista Lots on April 13th, 2010 6:47 pm

    Well it is now April 2010 and I have seen some slight movement in the residential land market. I live and work in a golf resort area Seems that out of the few builders who were still standing when the dust cleared, only a few are able to function in a full capacity. As we all know, it’s extremely tough to get loans right now, and this is especially true for speculative homes. Although we have seen one possibly encouraging trend: once the builders get the spec homes done, it seems to sell rather quickly. There just isn’t any competition for these builders right now except for REO stuff, most of which has been swinging in the wind for a year or better.

  219. Maui Realtor on April 17th, 2010 4:10 pm

    I know here in Maui we have already started to experience appreciation in some areas of the market. People shouldn’t expect to see similar appreciation rates to those that lead to the height (and fall) of the market (unless we are talking about inflation-based appreciation, which brings many other problems).

  220. Manhattan Apartments on April 19th, 2010 7:17 am

    Thanks for sharing the information on Real Estate Values. The Manhattan Apartments buying and renting season is NOW. Checkout the HOT JUST Listed Condo Sales and apartment rentals in New York real estate firms such as Domain Properties – The Corcoran Group and Halstead Property

  221. Ramadan Radwan on April 22nd, 2010 8:20 am

    i would lke to take some times to thank you for this post.

  222. Judie Berger on April 27th, 2010 6:59 am

    Homes are already starting to appreciate here in the Sarasxota – Longboat Key – Siesta Key market. Folks looking for a bagain need to get here NOW or they’ll miss a golden opportunity. Ask for my Sarasota real estate information packet at
    http://www.homesofsarasota.com/request-buyer-info.shtml

  223. Connie Belmont on April 27th, 2010 7:02 am

    While Sarasota real estateis already getting pricey, there are still bargains available in Bradenton and Lakewood Ranch communities and other smaller towns around Sarasota

  224. Dick Plumb on April 27th, 2010 7:09 am

    Let me show you some real bargains in the Meadows community on the sarasota – Bradenton Florida line. Yes, prices have stopped falling but there’s still time to buy a home at a bargain price if you “get it in gear’ now. Learn about the The Meadows golf course community at
    http://www.realestate-in-sarasota.com/golf_course_homes/meadows-golf-community.shtml

  225. Rates Dip Below 5% Again; A Look Ahead at Real Estate Vaues | Heitman Analytics on May 17th, 2010 1:32 pm

    […] When Will Real Estate Values Begin to Appreciate Again? (The Real Estate Blog) […]

  226. gary on May 19th, 2010 5:24 am

    I’m totally agree with this view.
    Thank you for the useful information.

  227. Rockon on May 25th, 2010 3:47 am

    I think in the future increasingly stringent lending standards will weed out those that would walk away from a home.

  228. Ken Schmidt on June 1st, 2010 2:34 pm

    Prices in the Phoenix area have basically been flat for several months, which is a good thing. Year over year prices for April 2010 we actually saw a 1% increase believe it or not!

  229. bella vista realtor on June 1st, 2010 3:13 pm

    The Northwest Arkansas real estate market has really picked up lately. Most of the activity is in residential and is fueled by investors looking at the last remaining REO listings, and by those trying to get in ahead of the upswing. Bella Vista Realtors are doing their best right now to accommodate all the needs but buyers and sellers alike have to be patient.

  230. Fleming on June 2nd, 2010 3:26 am

    Hi,
    You post is depending in investing area.It is give a massage for investors that how to invest in property.I agree without an investment, real estate is as worthless as the Dollar is today.Because without investment the people not to buy any property.Indian Real Estate Agents market has picked up lately.America is the most largest country in whole world and Indian Real Estate Agents is also most qualitative.Well I think your massage is very useful.
    I like this post and thanks for sharing your information with us.
    Indian Real Estate Agents

  231. Boise Idaho on June 3rd, 2010 2:40 pm

    My partner and I put out a report called the Normalcy report. It is about what normal is as opposed to trying to compare 2005 to 2008 or ’09. We look at 20 economic indicators including local airport traffic, new construction permits, unemployment and many more. We have years to go before it is normal again.

  232. Matt Rosen on June 4th, 2010 10:38 am

    Great article. If we all do our due dilligence, then we take into consideration the calculated risks. Its not the Govt. that will stimulate the market to go up, its the investors on the front lines making that happen.

  233. Rob on July 16th, 2010 7:47 pm

    Here on the sunny Gold Coast Australia, we are seeing much interest from buyers from your country and Europe, our property markt has held up quite well due to a lack of supply and a strong economy, but because of the media it is a buyers market here too. Right now is a great time for you to invest in Australian property before the crowds start flooding in.

  234. Inventory Overload on July 16th, 2010 9:22 pm

    of course prices will appreciate again. real estate markets are cyclical. and no, crop circles aren’t produced by aliens.

  235. nwa real estate on July 17th, 2010 1:43 pm

    I think that the overall real estate market has two sides to it: one that involve the consumer home owner or home buyer, and the other side that involves the real estate agent. The two sides do not necessarily share in the same plight, for although the average price of home has steadily declined year over year, the overall activity for the active agent has increased. I hear many agents complain that the market is just not there for them, and to this I just say that they are not there for the market. Transactions in the northwest Arkansas real estate market and other areas are happening — and a lot of them. It’s only a matter of allying yourself with where the activity is concentrated.

  236. Michael Eckerman on July 22nd, 2010 7:27 am

    Right now, the credit markets are trying to reinvent themselves and are finding reasons to not make loans to people who are credit worthy although have some dings from this economic crisis (with credit dings being the norm these days rather than the exception).  The banks and financial institutions need to find solutions that allow people who are hard-working, employed and have the ability make payments, the opportunity to have the American dream of home-ownership.  For example, many people are caught in the cross-hairs of this mortgage collapse.  They find their houses worth tens of thousands of dollars (or more) less than the mortgage on the property.  With this in mind, many home owners feel a sense of helplessness and despair – and instead of having financial institutions contacting them and letting them know they will develop strategies to come up with a win-win environment, the homeowner is often stonewalled and passed from one department to another, with no real communication nor answers.  If the banks communicated with the homeowners, letting them know they truly have everyone’s best interest in mind, this would go a long way to instill hope, certainty, and the belief that we will all get through this successfully – together.

  237. 47 Real Estate Investment Blogs on March 31st, 2011 5:55 am

    […] Real Estate Weblog: A blog entry that speculates on when the real estate market will start to see appreciation in its values. […]

  238. Tana on April 24th, 2012 10:37 pm

    Useful information. Helped me figure out few things. Keep up the good work.

  239. REIT Joan on April 26th, 2012 6:56 am

    Thank you for your thoughts on real estate investment and appreciation, Aubrey. I could not agree more that we have escalated to a nation addicted to credit. Unfortunately too many Americans believe that being able to afford the payments on an asset is the same this as being able to afford the asset itself. I hope that we are able to learn from this crises and invest in real estate more responsibly in the future.

  240. olay emlak on May 2nd, 2012 2:44 pm

    What an article. Predicting the future is never easy, but it’s good to understand the clues and probabilities.

    Thanks!

  241. Timeshare Partners on May 29th, 2012 5:04 pm

    Back in the real estate boom, I met a lot of people that were practically living off the increasing equity in their homes. As the value of their home would go up, they’d just refinance their mortgages and live off the money they put back in their pockets. That’s not a healthy lifestyle. Like David said in this great article above, “make an investment in America” and “get back to solid buying and selling principles” to turn this market around.

  242. Doral New Homes on May 31st, 2012 7:51 pm

    As soon as people starts getting jobs and our economy go back to the track. It will little difficult for people to start investment in property market again as they have seen huge decline in property market during recession.

  243. Florida Luxury Hub on June 6th, 2012 11:06 am

    Real estate market is the huge field filled in with opportunities along with risks where you may find yourself feeling confused and unsteady.

  244. When Will Real Estate Values Begin to Appreciate Again? « itoscaproperties on June 14th, 2012 2:19 pm

    […] from: http://www.realestateweblog.org/when-will-real-estate-values-begin-to-appreciate-again.php Share this:TwitterFacebookLinkedInTumblrLike this:LikeBe the first to like this. Posted in Education and tagged real estate blog, Real Estate Values, realtor christina, realtor in redwood city, When Will Real Estate Values Begin to Appreciate Again? […]

  245. Realtor Boulder Co on June 26th, 2012 6:47 pm

    There are lots of risk investing in real estate especially with the drop economy of America.

  246. Villages of Parkwood on July 10th, 2012 10:36 am

    It really is about locality. Ever locale nationwide, worldwide for that matter is different. Already here in The Villages, Florida we are seeing more and more interest in home buying. It doesnt always stay bad. Real Estate like anything else is cyclical. It is coming back.

  247. Fickling & Company Realtors on July 18th, 2012 12:01 pm

    Prices in Middle Georgia, especially the Warner Robins area, have bottomed out and started to increase slowly.

  248. Cleo on July 18th, 2012 12:28 pm

    In Northern Virginia we have seen increases for the last couple of years now but properties in Cyprus are just reaching the bottom now.

  249. Corey @ Naples Real Estate on August 21st, 2012 11:08 pm

    It’s really bad when you have to move to a smaller home. Even if you do get good prices on your old one, you still have to deal with the moving which can be very costly to your possessions and your wallet.

  250. Hassan Emam on September 10th, 2012 11:58 pm

    It is highly related to the economy. In some countries the property prices are appreciating in others they are not. for example in spain and greece the properties their are depreciating. Meanwhile it is an opportunity to buy. While in the Middle-East property prices are appreciating quickly.

  251. Precilla Rouge on September 11th, 2012 5:59 am

    Create an inviting entryway with a carefully selected array of items. Consider adding storage for shoes and coats, a catchall for your keys or even a decorative mirror or mail sorter and Temecula replacement windows.If you are running out of counter space in your kitchen, consider an over-the-range microwave. These microwaves take the place of the range hood. They come in budget ranges and luxury varieties, and some even allow convection-style cooking. Many of these units feature a filter rather than outdoor venting, so they are better suited to situations that don’t require extreme ventilation.

  252. real estate india on September 19th, 2012 11:22 pm

    Hi David, Thanks for writing an useful article. I agree with your post. However you know American real estate investors choice is totally different. specially you have made an example of history life “dream Home”. Thanks for article and wish you keeping up…..

  253. apartments in rio de janeiro on September 25th, 2012 4:59 am

    One can send a particular application for getting an apartment from the builder in various formats. Most of the branded builders have a great website as the part of online business growth.

  254. olay on December 30th, 2012 10:09 am

    I hope by this year end, everything will come to normal.

  255. flatfeehomesarkansas on December 30th, 2012 5:00 pm

    Real estate investing is not dead. And, as matter of fact, with the scandals in the banking industry, coupled with the Government’s apparent incompetence in managing America’s retirement, I feel that it makes real estate a flat out sweet investment.

  256. Property Valuations Services on February 7th, 2013 11:08 pm

    Nice article. Predicting future is not an easy thing as we know there’s lot of risk investing in real estate. But I hope this year may some good changes occur.

  257. housing projects in cebu on March 6th, 2013 9:25 pm

    The booming of real estate depends on the economic status of the country and the demands of the property buyer. Thanks for sharing your insights regarding this matter.

  258. Pacific Palisades Home For Sale on January 17th, 2014 12:14 pm

    Thanks for nice post,

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  259. bentonville land on January 18th, 2014 4:25 am

    Bentonville AR land for sale is starting to pick up in sales closings. I’ve seen several subdivisions going up but it seems to go in stages : a quick surge of sales for vacant land in Bentonville mostly by builders of new construction speculation homes, but then it will pull back for a month or so as inventories build up past demand. I am hopeful that land sales and hence, home sales here in northwest Arkansas will become more steady.

  260. Pacific Outdoor Fabrics on July 27th, 2014 3:47 pm

    Thus, the home has REAL value. However, having bought the home with little or no money down, the asset became disposable and so follows the real estate market.

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