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Oil Prices and Home Prices
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gerdee
LIF Zygote
Member since 2/08 22 total posts
Name:
G
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Oil Prices and Home Prices
With the ridiculous price of a barrell of oil and gasoline, do you think prices of homes will continue to drop over the next 12-15 months? I happen to believe that because of the economy and the price of oil and gas, home prices here on long island are going to be in for a 10-15% drop in value. Any opinions?
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Posted 5/22/08 1:53 PM  |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Oil Prices and Home Prices
I don't think we have seen the worst yet
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| Posted 5/22/08 1:54 PM |
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aliwnec10
mom of 3 boys
Member since 4/06 11426 total posts
Name:
Ali
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Re: Oil Prices and Home Prices
Posted by Beth1210
I don't think we have seen the worst yet
I don't either...
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| Posted 5/22/08 2:08 PM |
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NancyD
I love this guy so much<3
Member since 5/08 1294 total posts
Name:
Nancy
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Re: Oil Prices and Home Prices
I just read something today that the home prices are expected to drop at least 25%
I'll take a look and see if I can find it.
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| Posted 5/22/08 2:38 PM |
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Gertyrae
Peace out Homies!
Member since 5/05 20046 total posts
Name:
Gerty ®
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Re: Oil Prices and Home Prices
I think that the economy in general is going to hurt home sales. People don't have as much extra income and with other things going up it's harder to save for a house or be able to pay a mortgage.
I know so many people who have switched to using CC's for gas purchases alone...it's going to end up causing them problems down the road.
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| Posted 5/22/08 7:04 PM |
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