Laura White, AB,ALHS,CRS,ASR,ABR,ASP,SRES,RELO,CFS,CDPE
Windermere East, Inc.
Laura White, AB,CRS,ABR,SRES - Windermere East, Inc. - 1810 15th Place NW, Suite 100 Issaquah, WA 98027
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When Will Peak Values Return?
Posted on January 15, 2011
When Will Peak Home Prices Return?
A Fiserv Case-Shiller Home Price Insight predicts “a prolonged recovery beginning early in 2011. In many markets, the emphasis is on the word 'prolonged,'" said David Stiff, Chief Economist, Fiserv. "We see several powerful forces in the market that will severely hinder the housing recoveries of many metro areas, particularly in the hard-hit states of California, Florida, Arizona and Nevada. It will take these markets 15 or more years before home prices climb back to their peaks."
In a report titled "For Many U.S. Markets, the Return to Peak Home Prices Will Be a Long, Slow Road" there is an attached geographic map depicting when various geographic markets are predicted to return to peak values.
In a report titled "For Many U.S. Markets, the Return to Peak Home Prices Will Be a Long, Slow Road" there is an attached geographic map depicting when various geographic markets are predicted to return to peak values.
Some areas suchs as the hard-hit states of California, Florida, Arizona and Nevada are anticipated to take 15 or more years to climb back to peak values. Washington state, however has a more encouraging outlook. According to the report parts of WA will return to peak values before 2013 and other areas will return to peak values between 2013 and 2014. (See attached map)
