Quote:
Originally posted by FlyingIguana
even in a down market there will still be some places that see rising values. just depends on the location.
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Very true, especially in areas where there is no new land to build upon. Demand will always be consistently strong in those areas to keep prices stable.
One factor to also consider is that in many areas housing costs dramatically escalated whereas wage increases for the same area only increased a fraction. Historically when this happens, at some point housing begins to get to far ahead and it cools for a time period. This gap between wage and housing is very pronounced in many areas of the USA, and it could lead to a stagnant market with little or no appreciation for quite a few years.