Sell Now or Wait? What the Experts Are Saying

SOURCE:  Keeping Current Matters Blog Posted on July 30, 2010

"More and more homeowners are questioning whether they should keep their homes on the market or wait until next year to sell. The thinking obviously is that next year the market will be better and therefore they will be able to garner a higher price. But, is that true? Is there any evidence that the market will come roaring back next spring? The evidence actually points to the exact opposite. Most experts are predicting that we will not see appreciation until the end of 2012 and even then the appreciation will be minimal.

The MacroMarkets LLC co-founder and Chief Economist is Robert Shiller, the founder of the S&P Case Shiller Report. Professor Shiller surveys 109 economists, real estate experts, investment and market strategists each month for the their Home Price Expectations Survey. In the July survey, it was reported:

“The consensus indicates diminished confidence in the prospects for a near term recovery … This month, 60% of the panelists projected negative home price growth for 2010.”