| Active | New* | Avg. Price | |
|---|---|---|---|
| Single Family | 1,092 | 56 | $249,626 |
| Townhouse | 203 | 13 | $163,536 |
| Multi-Family | 13 | 0 | $413,219 |
| Land | 848 | 12 | $145,929 |
| Farm | 61 | 2 | $725,538 |
| Commercial | 277 | 4 | $600,518 |
* New activity is within the past 2 weeks.
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January 18, 2012
It seems there is no shortage of opinions as to where home prices are headed in 2012. From Clear Capital’s expectation that prices will show a ‘slight uptick’ this year to Fitch’s projection that prices ‘will fall another 13 percent’, there is no consensus as to where real estate values are headed. How can there be such a disparity of opinion among industry experts? Well...prices are determined by the relationship between supply and demand and there are many unanswered questions regarding both of these components.
Will this be the year that the 5.9 million adults between the ages of 25 and 34 that are still living with their parents decide to purchase a home of their own?
With mortgage payments lower than rent payments in the majority of the country,...
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What Will Happen with Home Prices in 2012?
Eva Ferrell |
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345 Third Ave
Timberville, VA
$88,000
0.1600 Acre
1,176 SF
MLS #77934
A Rural Community.