Another great blog post about 2011 and the drop of housing values. 2011 could be a big rebound year, but most likely it will not be a rebound year for our housing values. See post here: Credit Predictions for 2011, Part 1 from mint.com. Which is my budgeting website of choice!
In a nut shell, our homes will continue to lose value. This will make it harder and harder to sell our homes or even refinance. Fortunately South Ogden does have something going for it--we don't have room to grow. Building of new homes will be extremely limited; therefore the supply will still be limited simply to the homes that are already here. New homes will not flood the South Ogden market, and as long as people only want to live in here the values should go up some.
Now we just have to get people to only want to live in South Ogden.
2011 has lots of potential...but probably not for our homes.
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