A home price bounce? And the Weekend Poll.
Home values in the greater Washington area, which the census defines as extending practically from the Chesapeake Bay to the Shenandoah mountains, are in for quite the price bounce, according to a forecast by financial services company Fiserv for CBS Marketwatch. It's the kind of bounce, though, that starts with a steep decline.
The forecast: Values in the Washington area will fall an additional 15 percent from the third quarter of 2009 to this year's third quarter. But then, values stand to rise 8.4 percent through the third quarter of 2011. A few other metro areas -- including Los Angeles, San Francisco and San Diego -- are in for a similar thrill ride, according to the forecast. But why? I have a call in to the folks at Fiserv and will let you know what I find out.
What do you think? Are we in for a 15 percent slide in values from the prices we had from July to September?
The Weekend Poll
This is an unscientific user poll. Results are not statistically valid and cannot be assumed to reflect the views of Washington Post users as a group or the general population.
March 5, 2010; 5:21 PM ET
Categories: Poll , Selling , The market , Weekend Poll
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