Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Do you believe the real estate market will continue to go up?

I really don't see any variables that could cause a market crash. However, I'm looking at houses that sold for a fraction 10 years ago what they sell for now and the market has been going up about 11 years now. It seems desirable real estate is going beyond the means of "intrinsic value" and approaching a point of hype that's akin to the tech boom of the late 90s/early 2000s. Thoughts?

4 Answers

Relevance
  • ?
    Lv 7
    1 month ago

    Houses just keep going up in value at a good clip, but I don't see any oversupply issues. Furthermore commodity prices have gone through the roof meaning its costs so much more to build a house so I don't see over supply happening in the near future as it costs so much more to build a house that there is not much profit to the builders. 

    So, I suspect they will keep going up at a good clip, at least for now and quite frankly I suspect that the true rate of inflation is so high right now that this isn't actually unusual, its the new norm - for now.

  • 1 month ago

    You don't see any variable that could lead to a market crash?

    How many people in your community haven't paid their mortgage payments for a year?  Do you think they are going to be able to catch up??  I don't think so.  When all these houses start getting foreclosed the market hopefully won't crash, but it will certainly dip. 

    Yeah, the market has been going up for 11 years.  I'm in one of the most expensive real estate markets in the US and we aren't at 2006 levels.  So if you bought then, you have either sold at a loss or the only equity you have earned is what you have paid (not through a market adjustment). 

  • !
    Lv 7
    1 month ago

    As with any market, real estate is dependent on supply and demand to determine prices. As long as people are reproducing faster than we can build houses, there will always be more demand than supply, so unless human reproductive rates drop off dramatically, the real estate market will continue to rise

  • Anonymous
    1 month ago

    i think there will be a dip in many areas....because of covid, a lot of people fled cities and housing prices in surrounding suburbs went up a lot....as things return to normal, there may be a lot of people moving back to the city....and city housing will go up, but the suburbs will go down....not as much as 13 years ago, but there will likely be a drop...maybe 10-20%

Still have questions? Get your answers by asking now.