Why Home Prices Rise and Fall
In This Chapter
Determining present and future home values
Figuring where home prices may be headed in your community
Using strategies to get more for your money in any type of market
If you’re contemplating the purchase of a home, you may be concerned about the future direction of home prices. After all, who wants to buy a home and then see prices drop? Conversely, who in their right mind wouldn’t love to jump into the real estate market before prices head higher? To understand what drives home prices, you must examine what drives the supply of, and demand for, homes.
Predicting what’s going to happen with real estate prices in a particular neighborhood, town, region, or state over the next one, two, three, ...