Are the homes prices and Interest ever coming down?
121052
Home prices in CA will never go down.... even if the entire housing market crashes around the US... Ca will stay the same or go up. The wealthy will always have money to buy what they want there.
179598
I am giving my answer without a crystal ball.  The market is on its way down because the price went up too quickly and a lot of emotional buyers got their new houses without knowing how to pay the mortgages.  We will see plenty of foreclosures unfortunately.  If you are looking, please just look and keep looking for the time being.
615140
It's going down. The fed has made the market to unstable and it's a bad time for it.\nWhich means it may not to a bad time to buy !!!\nThe prices are down and as we all know they will go up in time, So be patient and hold on to what you have and explore the other ideas you have carefully.
184813
unless u plan to live here for the rest of your life i dont understand y would u want to buy it?  prices r rising, the last few months prices doubled (some areas tripled)\nim not sure about it but i dont think theres no limitation against foreigners to own residential estates\nanyway u can drop me an email if u want.. cant promise anything but i'll see what i can do\ngood luck
265590
My family is selling a house in Detroit right now and I asked the realtor how accurate those kinds of sites are.  He said it's really hit or miss.  Those sites dont take into account the condition of the economy of the area where you live along with a few other variables that can skew your results.
434104
Seller normally pays some parts of the closing costs - talk to real estate agent.\n\nYes, mortgage rates go up in 2007 but you don't care you just sold your house.\n\nThe economy will get better under Dems because Bush is now grunting for the 2008 elections.\n\nAny other questions just ask
574539
There are now 40 yr and 50 amortization programs available and interest only programs.  So a person can afford the home they are wanting....If you purchase a home, you can go 100 percent of the selling price (depends on credit) and if your credit is 560 or higher you will have no problem.  The 40 / 50 or interest only will lower your payment.  You did not mentionn where you are located in (state), check out my website and if I can be of assistance, let me know - Good Luck.
561970
Probably.  It depends how you look at it.\n\nOver the long term, stocks & real estate will probably give you the same return on the dollar (learned this in Finance at University of Chicago nobel prize winner).  However, that may vary in the short run/shorter time horizons (e.g. over 10 yrs or less).  Recognize you usually own a home for longer & usu get a 30 yr loan.  Lately, obviously real estate has been doing better than the stock market.  But, with interest rate hikes, the real estate market seems to be cooling off.  And, real estate can differ greatly pending on the house you buy & its location.  I do not claim to be an expert and you may want to speak w/ an objective real estate agent (if you can find one).\n\nThat being said, in general buying is almost always preferable to renting as your monthly payments will be lower, esp as time goes on.  This, in turn, will allow you to save more so you can invest it whereever you want to.  Usually rent increases year after year; but, your mortgage payments will be the same as they are today for 30 yrs.  I say this as someone who has rented the last 10 yrs & wish I had bought sooner.  My apartment just went condo & I bought it 2 months ago.  In retrospect, I wish I had done it sooner.\n\nI read an excellent book on the subject that was very educational for first time buyers.  It's called "The automatic Millionaire Homeowner" by David Bach.  It explains all the basics & how to think abt mortgage options and what might be right for you.  It was really helpful.   A few months ago, I was a complete moron on the subject...now, I understand what others are talking about.
516950
What goes up, must come down. In the USA, many people were buying homes, and now they can not get rid of them. My own brother has 4 homes in Florida for sale(Florida took the biggest hit) Nothing sold for a whole year. He is miserable. However, it did look good in the beginning when he was buying it 2 years ago...I would wait for the market to stabilize if I could
106012
Now is getting to be the perfect time to buy and hold. We just came out of a huge sellers market. Prices are not skyrocketing like we saw last year, and it is taking a lot longer for real estate to sell.\n\nNow is the perfect time to buy, interest rates are on the rise which really brings in a lot less buying competition, sooner or later interest rates will fall again, you can refinance and you will look like a genius, buying when everyone else was selling.\n\nBUY and HOLD, best wishes!!!
571786
Open your mind set beyond the last 4 years when interest rates were super low.  They are STILL low to people who have had mortgages 10-15 years ago when rates were 10%, 15% and even 20%.\n\nOnly people getting mortgages within the last several years think rates are high now.  Explain to them the long term history of interest rates.\n\nFind people with HELOC's and convert them to Fixed rate loans.\n\nAs mentioned previously, there are many people with 2/28 and other ARMS that are going to want to convert to a fixed rate.\n\nAttend a few Real Estate Investing group meetings.  There are always people investing in Real Estate.  Be there when they need you.  Don't start out being pushy, just get to know them and be there often.
340548
You have out of sight housing prices over there too? The market here(US) is finally cooling off. Now maybe regular people just might be able to think about buying a house again.
567085
Housing prices in Los Angeles County as of May were still rising, but at a much slower rate than in previous periods.  In most other parts of Southern California, housing costs are either flat or are beginning to drop (most notably Riverside, San Bernardino and San Diego counties).  In other parts of the country, housing is starting to decline.\n\nI believe that in LA County housing prices will follow the rest of the country and decline for awhile.  Unfortunately, much of that decline will be triggered by rising interest rates.  So you have to ask yourself: do you want your payments to go into a house that is declining in value, or to interest payments to the bank?\n\nLong term, it doesn't matter when you buy.  Housing will always rise long term.  Many people who bought during the housing boom in the early 90s in LA County were downside for years after the bubble burst in 1991-1992.  The decline bottomed out about 1997 and many people had recovered their losses and were in the black by 2000.  People who held on through 2005 make a killing.  If you're planning to stay for a long time, buy now.  You'll be able to enjoy your new home longer.\n\nIf you're planning to stay a short time and perhaps move to a bigger house in a few years, wait awhile.  Once you buy, you can't negotiate a lower price for the house, but you can always refinance your mortgage if interest rates decline.
393525
DATED: 11-7-06\n\nI HOPE I CAN HELP.  THE TRUTH IS THAT THE MARKET IS IN A CORRECTION PHASE RIGHT NOW.  THAT IS TO SAY THAT THE MARKET IS MAKING ADJUSTMENTS AND IT WILL BE DIFFICULT TO DETERMINE REALLY AT ANYTIME WHAT WILL HAPPEN.  BUT, THE MARKET HAS  TRANSITIIONED TOWARD COOLING DOWN.  \n\nEACH REGION IS AFFECTED DIFFERENTLY BASED ON CERTAIN VARIABLES.  EXAMPLE HERE IN LAKE TAHOE WE HAVE A LARGE SEGMENT OF PURCHASES BY SECOND HOME PURCHASERS.  THESE ARE VACATION AND INVESTMENT PURCHASES, AND IS PROBABLY DIFFERENT THAN THE AREA YOU LIVE IN.  \n\nTHE BEST THING TO DO IS RESEARCH THE OTHER AREAS  OF CALIFORNIA YOU ARE INTERESTED IN AND CONTACT A LOCAL REPUTABLE REALTOR WHO CAN HELP YOU.  ALSO, CONTACT A LOCAL REALTOR IF YOU ARE INCLINED TO SELL YOUR HOUSE,  AND THEY CAN GIVE YOU A COMPARARTIVE MARKET ANALYSIS FOR FREE TO TELL YOU ABOUT HOW MUCH YOUR HOUSE COULD SELL FOR.\n\nANOTHER OPTION YOU MAY OR MAY NOT HAVE IS TO REFINANCE.  THERE ARE A LOT OF DIFFERENT PROGRAMS TO FIT INDIVIDUAL NEEDS.  IF YOU CONTACT SOME MORTGAGE LENDERS, THEY MAY BE ABLE TO PUT TOGETHER A GOOD PROGRAM FOR YOU.  SHOP AROUND.  THERE ARE A LOT OF LENDERS THESE DAYS AND IT IS VERY COMPETITIVE, WHICH IS BETTER FOR YOU THE CONSUMER.\n\nIT IS VERY DIFFICULT FOR ANYONE TO DETERMINE THE SHORT-TERM EFFECTS OF REAL ESTATE INVESTING, BUT HISTORICALLY SPEAKING, IT HAS BEEN VERY APPRECIATIVE IN THE LONG TERM.\n\nBE BLESSED AND BE HAPPY!
595471
The US economy is driven by consumption and the Fed does not want to see any inflation, so we'll see another rate increase in the next quarter. This will further cool the real estate market, and by cool, I  expect a 5 to 10% decrease in the OC and San Diego markets. Just take a look at the number of units for sale. The people who got in late with a 100% financed loan and with an adjustable rate will find themselves inverted very soon. Foreclosures are inevitable, specially if you can't continue to feed the hungry beast in a rising rate market. But I don't see this drop for more than 10% at the lowest point of the valley and the cycle will probably be about 18 months before starting an upward, and modest, trend.
429300
Property sales are down everyplace, but prices are up in some areas even though sales are down. I think this a buyers market. Buy low and sell when it turns around in five to ten. In general I think this always works.
463011
Here is a very good (and recent) article in the FT about house prices: http://www.johnkay.com/in_action/468\nAccording to John Kay, we are not currently in a bubble in the UK because most people who currently buy are planning to live in their house (i.e. speculators who intend to make short term profits represent a small part of the overall market). \nMoreover, his opinion is that prices in cities like London reflect the location rather than the accommodation itself, and since location is a scarce resource, there is no reason why prices for houses in the most demanded location should fall.\nHope this helps!