Archive for Mortgage
Mar
17
How likely is a residential real estate crash?
Posted by: | Commentsthebighere asked:
My home is in Littleton, CO — a standard 3 br 2 bath jobbie in the burbs. I keep hearing about a pending real estate (and then maybe economy) crash. How likely is this? If there is such a crash, does that simply mean my home would be 1/2 its value? If no crash, I expect interest rates will go up and therefore bring home prices down. How much of a change are we talking?
My home is in Littleton, CO — a standard 3 br 2 bath jobbie in the burbs. I keep hearing about a pending real estate (and then maybe economy) crash. How likely is this? If there is such a crash, does that simply mean my home would be 1/2 its value? If no crash, I expect interest rates will go up and therefore bring home prices down. How much of a change are we talking?
I realize nobody knows this for sure, but are there any experts or people with experience out there who have an opinion backed up with some facts/stats?
It’s too bad we can’t turn this into a forum, it’d be nice to be able to have conversation with you all regarding your answers and experiences.
I think I should have been more specific. We’re thinking of selling our home and renting because of the potential crash. We love the house, but have put a lot of money into it (the mortgage) and don’t want to lose the equity because of some factors beyond our control.
So I guess I should have asked, should i stay or should i go?
residential real estate

