Seems like every time I turn around someone is asking “Where do you think home prices are head this fall”?

I always say…”Wait, let me get out my crystal ball”. 

There are so many individual forces in play that could, anyone of them by itself, make a defined direction uncontrollable.

When you look at unemployment (not getting better), the vast number of foreclosures (and the immense number not even on the market), First Time Home Buyer Tax Credit (Going away on 12/1/2009), Interest Rates (for now they are holding at fantastic levels), Prices (at this time they are moving up).  Any of these items could have a substantial impact on prices this fall.

For more information on how additional foreclosures could impact the market read: Home Price Increases Depends on Foreclosure Sales

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