Easy Steps to See If Prices Will Rise Or Fall in Your Market in 2010
There’s a lot of uncertainty surrounding the housing market. Is it going up? Down? A lot of people are making predictions, but they tend to look nationwide or citywide. But what about your specific farm area? Here is the best way to determine what YOUR housing market is going to do in 2010.
There are a number of factors that drive real estate prices up or down in any given area. Each market reacts to its own set of conditions, and even different neighborhoods and types of properties will react according to its own set of circumstances.
To narrow the trend data down to your area, look at trends within a 1 mile radius of the center of your area and look at homes that are within 10% of the square footage of the median size home and lot that you are looking for.
Generally, home price changes are determined …
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