Question
How much do you think Real estate values in Northern CA in the next 5 years?
Specifically Sacramento area. How much will it go up? Im predicting about 15-20% and just want to see if my numbers are the same as everyone elses. Im basing my assumption on inflation and increase in household income in the next 5 years
2 years ago - 4 answers
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You are in the ballpark. In five years, I think we will see a pretty good recovery. Home prices depend, in part, on interest rates, and there is no way of telling what the Fed might do in the next five years. On the whole, I expect that the housing market will appreciate, on average, 20-35% over the next five years. Keep in mind that every market is different. Generally, the more your area dropped during this bust period, the more value that will probably be recaptured on the upswing. Good luck!
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2 years ago
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Up from today? Or up from the 2006-7 peak? Big difference.
by bud68- 2 years ago
I think, in general, we'll see housing prices going back up by as early as next year, once the banks stop panicking so much, and remember they can still make money on legitimate mortgages. 15-20% for Sacremento? Hard to say. My impression is that that area's been harder hit than, say, the Bay Area. Less jobs, and all that.
by PoohBearPenguin- 2 years ago
Up?!?! Are you kidding? Prices in excremento will continue to skid there for another 2 years (at least) and then remain flat for another 2 years after that. If its at break even in 5 years I'll eat my hat, but it'll likely be less than it is today. Look at this graph and try to guess where those lines are headed. mysite ...
by Cornporto- 2 years ago