Correction from last February’s blog
Friday, February 27th, 2009About a year ago, I predicted that in 2010 we would likely see normal residential real estate appreciation rates again. Given the current state of the economy, it is looking more like perhaps 2012 before things turn around. That being said, I wouldn’t consider the amount of potential depreciation in Davis, over the next 2 or 3 years to be so great as to hold off on a purchase (unless, of course, you are planning on selling within 4 years of your purchase). The inventory here is still low (and should continue to remain that way) and interest rates are superb. Provided you plan to live in your home for 5 or more years, now is a great time to buy.