Will the home prices continue to rise on Maui?
107451
yes its a very popular area and people will always want that area
910610
Heck yea and many scum sucking realtor will also. If they list a property that is way under market they flip it. There is no reason why they would even market the house or even put it on the MLS.  This is just one of the games that they do, check out this web site.\n\nhttp://www.breakingbubble.com/index.htm
581029
i would think there would be a few more interest rate increases. The housing market is most likely to cool in the coming months.
60204
Having recently left the area, I know first hand that the quality of life there is very good, low crime, good schools and (formerly) light traffic. With the housing boom there the traffic is much worse, but it is still better than other places nearby. \n \nAlthough it used to be a "bargain" compared to places in the Valley, I think the prices rose faster and the prices are more in line now. As long as the schools stay good and crime stays low it will be an attractive area to live in.
11257
Your question asks if the state of the housing market is one extreme (bubble) or the other (media hype), but I think the answer lies somewhere in between and also depends on your personal circumstances.\nThe general market appears to moderating and by "moderating" I mean the rate of housing price growth is slowing.  This doesn't mean that prices are falling.  The media often misses this subtle, yet important distinction.  Slowing price increases are a good thing because it means that the market is starting to act more rationally.  We all know that prices can't continue to increase at the same rate they have for the past 3-5 years (+10 to +30% a year).  So, the moderation of these increases are not a sign of trouble.  They're a sign of a return to rationality.\nWhat would be a sign of trouble?  A few things come to mind:\n- A substantial increase in job losses and unemployment on a national and, more importantly, a local level.  Think about how business is doing in the L.A. area and where it is likely to go in the future.\n- A substantial increase in the long-term interest rates would be worrisome because fewer people will be able to afford to buy your house for a high price.  Notice I said "substantial".  Everyone knows that rates will go up slightly over the next year or two.  But that's natural as our financial markets try to get to a normal interest rate level.  Our current rates are abnormally low and returning to 7% ish isn't such a bad thing.\n- We restrict immigration substantially.  Immigration trends are driving the demand for first-time home buyers in the U.S.  If we restrict the number of people who can enter our country, become productive citizens and eventually buy a home, we'll lower demand for housing.  Especially in Los Angeles!\nI don't trust the media to give me a balanced view of the housing (or any other) market because that's not their objective.  Media's goal is to get you to watch and they wouldn't get very many viewers if they said that the market would likely just moderate going forward with only slight increases for the future.  They get much more attention when they find data that will allow them to make dire predictions and predict doom and gloom.\nCurrently, the prices of houses are being driven by people's ability to afford the monthly payment and the supply of people looking to purchase houses.  I think that increasing rates will lower the prices a little bit, but I don't think prices will fall significantly causing many people to lose many and file bankruptcy.  I personally don't know anyone who is overleveraged and would be devastated by a decline in housing prices.  They would just continue paying their mortgages and living in the house.  However, when I talk to people about the market, they all think there is a significant population of people who are going bankrupt.  I'm not sure there is much real data to support this paranoia, however.\nNow, to address the second part of my answer -- your personal situation.  If you buy a house for the right personal reasons, then you won't have to worry about future housing prices as much.  If you're committed to staying the local area and you have professional job stability, then you will have more security to ride out any short-term price fluctuations.  Additionally, you should consider the value of owning versus renting along other lines than pure investments.  What is the value of owning your own residence and being able to upgrade various amenities when and how you please?  (Hey - new jet tub! Granite countertops!)  What is the value of being able to demonstrate security to your family and friends?  (Honey, I really am committed to building a family!)  What is the value of not having to deal with landlords and other renting hassles?\nI'm not saying there are concrete answers to those questions, but you should consider them and if they have high value to you, then
247671
Not according to all the numbers I see, but I can't understand why it hasn't started to go up.  Just keep an eye on mortgage rates.  I think that will be our first real indication.  I know a money guy who disagrees with me but I'm stubborn, I'll keep watching the interest rates.
65136
Here is what I learned:\n\nMedia is not your friend, all they want is attention and get tune on.\n\nHousing market is not tied to interest rate, 'cause even if the rate increased by 0.5%, it will only increase payment $8 per week for avg. american family. But the real estate is tied to employment, if people don't have jobs, the last thing they buy is a house. So check the turn time for a house to get sold, and if the price is going up or down, with local real estate professional. And check employment growth.
458366
it's base on where you live??\n\nfor example if you're in vegas, AZ, or new mexico keep the house around for a bit since the market there is still pretty hot.\n\nbut if you're in NYC or CA any over-saturated market you should get the hell ou ASAP. \n\ngood luck.
454005
This market has seen an influx in investor properties over the last few years.  The increased demand for housing has allowed that investor market to flourish, allowing them to "flip" their properties for a tidy profit.  The demand has been so crazy that nearly every house placed on the market would received multiple offers, usually resulting in a sale price over asking.\n\nUnfortunately for them, recent trends where increasing interest rates, greedy homeowners trying to cash in have pushed the prices sky high.  Buyers have been more reluctant to plunk down $600,000 for a 1700 Square Foot house inside the Beltway, and some houses have started to sit for longer than was the norm.\n\nThis has caused the media pundits to claim that the bubble is bursting, where the actual truth is that the market is becoming more even, where Buyers now have more choice and can ask for normal items in a contract offer, such as a Home Inspection.\n\nWhat has been going on for the last 4-5 years is not normal, but people don't always remember the normal times, they remember the recent times.  What has changed is that any old run down house will sit on the market, as it should.\n\nThis change in the market is better for all.
389625
Absolutely NOT! Just wait another year, or two years max and you'll see a very significant savings. Even if prices remain constant you'll be in a much stronger negotiating position. This it the very end of a very long sellers market. A buyers market is just around the corner. Just be a little patient!
1070662
Looks like I'm going to own beach front property! Land prices have sky rocketed in my area does that mean a lot of other people think the same thing?
1356
I live in sonoma county (north of SF) and houses arn't selling as fast as i saw them go a few years ago. So I would say go for it.
138431
people are still moving out here at an alarming rate regardless of pricess of homes, as long as that is happening the prices will not drop.
740413
The answer, with a few exceptions, is always "yesterday".  Prices have fallen a bit after a long runup, but will no doubt rise again in the future -- but there is no way to tell just when.  Start your shopping by looking at properties via a website such as realtor.com.
1037592
A lot of people are moving out of Florida, and their property values are going down, or staying stagnant because of that fact. You would get a good deal on a property right now. Will it go up in value? I would say 'yes', because a few years without a hurricane, and people forget. Then they want to live in a nice climate. \n\nBuy why Hollywood, Florida? The big bucks are going to be in downtown Los Angeles. Buy a condo there. Even the stars are snapping them up, because there's no where else to go out there, except up. (condo up, I mean)
291266
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.
1130263
Same thing.  I live in northern New Jersey and according to a friend who works out of a local real estate office the unsold inventory of homes in the area is climbing.  \n\nI think part of it may have to do with increased credit card debt payments and higher gas prices draining away cash.  With all this extra debt the income is just not there to support high home sale prices.  In other words. home sale prices are being reduced to put gas in the tank and pay credit card bills.