Pop-up quiz: What will happen to housing prices in 2006?

Hpi_boston_partysover_2Predictions about what will happen to housing prices in 2006
are beginning to pop-up on line, so we’ve created our own "pop quiz" to
get your opinion, too.  Quick:  how much will housing prices will rise
or fall in Greater Boston in 2006?  OK, now the pop question.  Click on the tiny
image above and a full-sized graph of housing price increases and decreases by quarter over the past 30 years in Boston/Quincy will pop-up.

Do those real estate cycles change your predictions about what
will happen in 2006? 

If not, take a second look.  Compare the price spikes over the
past five years to the more modest increase of prices which peaked in
the mid-1980s.  If prices increased twice as high in the first half of
this decade will they decrease twice as far during the second half of
this decade?

Your comments, particularly regarding any factors
which may mitigate or accelerate the coming down cycle, are welcome.
Most importantly, please let us know if your predictions changed when the graph popped up.
Your comments are welcome here, or by calling our reader line
617-876-2117 to record a sound bite for potential use in a future
podcast. 

 

Posted in Housing forecasts, Market trends, Real Estate Bubble, Timing the market

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