Are We in a Good or Bad Real Estate Market?

I get asked all the time how the Real Estate market is going. My answer changes, but I find I normally get more information than I really give when I discuss this issue with people. I don’t get to determine if we are in a good market or not, the general public does. When people ask me what I think, I ask them the same thing and get a ton of information regarding current opinion.

I also use a website to post short surveys, and review other’s surveys regarding the real estate market. You must understand it’s demographic limitations, but it is still a good source of public perception. I posted a recent survey regarding real estate short sales which told me many people don’t know what it is.

A recent article on CNN Money shows different estimates for home value growth in various regions of the US. While some market values look bleak in the future, the majority will see a slight rise in value based upon their estimates. Here is their breakdown: