Reuters Poll: Housing Bottom Seen in Mid-2011

This week we discussed the outlook for home prices and shared perspective on whether or not now is a good time to buy. This is the best guidance we could offer on the subject....

"Location location location" said MND's Managing Editor Adam Quinones when asked whether or not he would buy a home in this market.  "Certain parts of the country are outperforming others. I would do much research on local markets after deciding on the region I wanted to live in though.  Then I would avoid areas with an accumulation of similarly structured housing units.  For example I would not purchase a townhouse or condo unless I was able to do so at a deep discount,  I would be looking for a single-family home in an established neighborhoods with a proven school system.  Otherwise, the deal would have to be too sweet to pass up to get my attention.  There are opportunities to be taken advantage of, you just have to do your homework."

Reuters was kind enough to poll economists for us on their updated home price outlook. Here are the results....

...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagenewsdaily.com/01282011_home_price_outlook.asp

Economy Interest Rates Celebrity Foreclosures Most Expensive Homes