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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: tejek who wrote (2356)7/22/2014 2:27:18 AM
From: John Vosilla  Read Replies (1) of 2722
 
That compares with a national average of more than three years until homes reach their pre-recession peak levels again.


Last cycle national home prices peaked about a year after the fed finally began raising interest rates. My gut is many of the slow growth midwest markets get back to peak a heck of a lot sooner than Zillow expects as these low interest rates are here for a few more years at least. Price differential is so extreme relative to the coasts these days, costs of new construction are quite high for in fill locations, rents have moved up substantially above comparable PITI
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