I first saw this on Stephanie's Home Snoop Blog. When I went to the underlying article What will your House Be Worth in 2016, I had to say to myself, why would we be second guessing Forbes and Moody's? Surely they have the data to deliver the most reliable results.
Of course we still have to figure out whose house will fit the bill and whose will not. Which will go up higher and which lower, to create the average result shown. But generally speaking...I like the fact that we do seem to be the ONLY City with these types of numbers. The article gives you more cities, but I found these two an indication that Forbes and Moody's is not being all "Pie in the Sky" about it. Uniquely different results from one city to another. Helps put those "national" articles into perspective, for me anyway.
Ardell, I also went to the original article then copied and saved the Chicago graph for a future posting--maybe sometime next decade! Yikes, not too rosy a forecast for this area--my condo went up more in the past two years then what they're predicting for 2016.
Wow... not much growth in my area (Los Angeles) over the next ten years. Given our stratospheric growth of late, I suppose that's not to be unexpected. But, it's pretty unnerving to see it going up until 2008 or so and then dipping, and then going up slightly again. Thanks for the great post.
Sorry to say it guys, but the fact that they are predicting different results around the Country, makes it more credible that our area IS in fact going to almost double in the next ten years. Michael, can you watch 714 Manhattan Beach Blvd. for me? It is currently for sale at $1,399,000 I think.
Sure, but I can't find it. Do you happen to have an MLS #? I checked the system it should be in (not my "usual" MLS) and it doesn't show up. Are you moving down here?
ARDELL
DellaLoggia
On Seattle Real Estate including Kirkland, Bellevue, Redmond, Green Lake and most areas around Lake Washington North of Downtown Seattle.
Phone: 206-910-1000 - Mailto:Ardell@RainCityGuide.com
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