Wall Street Journal Online on falling prices

by John Wake on November 29, 2006

The good.

He adds that one-third of the country is primed for growth — a claim that Mr. Winzer’s research supports. And if you don’t have to sell your home, the short-term turmoil underscores the point that it seldom makes sense to obsess over your home’s value the way you’d obsess over, say, your Google shares. Better to sit back, enjoy your mortgage-interest tax deduction, and wait for better days.

The bad.

… the National Association of Realtors expects appreciation to reach just 1.9% — the lowest gain since 1992.

The ugly. (I don’t buy this chart but it’s interesting.)

2006_11_29_SmartMoney.gif

{ 0 comments… add one now }

Leave a Comment

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Older post: Arizona home building permits hit bottom?

Newer post: Home prices increasing in some markets