Home Values in 2012
There’s a new movie about to hit titled “2012.” It’s about the doomsday of Earth on December 21, 2012 - as predicted by The Mesoamerican Long Count Calendar (according to Wikipedia):
The Long Count sets its “time zero” at a point in the past marking the end of the previous world and the beginning of the current one, which corresponds to either 11 or 13 August 3114 BC in the Gregorian calendar, depending on the formula used.
Others believe that there will be a shift in our global consciousness. What I’m hoping is for a shift from a shaky housing market to one that can stand on its own legs (NOT sealegs!).
Business Week just published an article called “What Will Your Home Be Worth in 2012?”
… we weighed historical data against current trends to get a bead on which way the markets might jump at one-year increments. By combining data, we were able to get a pretty good idea of what home prices would be in three years’ time. Across the board, real estate prices will continue to drop before rising slightly by the fourth quarter of 2011. Why is that important? Given the wretched state of the real estate market today, both homeowners and potential buyers might be better able to make an informed decision about when, and whether, they should move or stay put.
It looks like in my own area, the value will be 1.4 percent less than it is now, but nationwide the projected value increases by 1.7 percent. I would suggest that it’s time to move, but clearly that wouldn’t be a good decision! O.o
Check out the data in your area here.
For a link to the upcoming movie titled 2012, go here (where I pulled the image for this post).




