Do you believe that falling home prices in Gilroy have hit
bottom?
THIS WEEK’S WEB POLL:
Do you believe that falling home prices in Gilroy have hit bottom?
Yes: 1 No: 11
â– NO, because the U.S. economy has not yet hit bottom.
â– No. But as credit loosens and mortgage rates drop to 4 to 5% for refinancing and purchasing, home prices will stabilize and begin to rebound.
â– No. Not until there is a sustained economic upward trend nationwide will anything get better in Gilroy and its real estate market.
â– No. Not until the next round of adjustable montages resets and until much of the standing inventory is sold off.
â– No. Sadly.
â– Nope! But our 401(k) has.
â– No. But I feel once the banks start lending the end is near.
â– Probably not. It’s still a great time to buy with the lower prices and decent loan interest rates.
â– I think we are still in for more downturn in prices. I don’t see signs coming down … The house next door to me is on the market for about 50% of what it sold for two years ago and is still empty.
â– No. I think the foreclosures will continue and the prices will fall, maybe until the end of summer.
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