Jenny A asked:


in trying to keep up with the financial news, i have been reading that in order for things to stabilize “We want home prices to return to normal” what is normal? I am not sure what that means for current home owners or future home owners. Can someone shed some light on the meaning of “normal”?

TORI

5 Responses to “What does “We want home prices to return to normal” mean?”

1. ladytoobusytotalk on October 26th, 2009 7:47 am

   The seller it is buyers market invest now is bad time now if you are buyer.

2. maxmom56 on October 29th, 2009 1:40 am

   The foreclosure rate to historical averages.
   The housing market has been unreasonably inflated for the housing market has been unreasonably inflated for years at best we are looking for the foreclosure rate to drop back to drop back to drop back to historical averages.

3. Wounded Duck on October 30th, 2009 2:43 pm

   “Normal” means they want the price to go back to what it was when they bought or higher. Many buyers never even contemplated that prices might drop and now they are stuck with a mortgage higher than the value of the home. Many assumed that prices would continue to climb. Silly people!

4. estielmo on November 2nd, 2009 2:39 am

   The market was before the record to people who had no business buying property would guess that nothing bought in the past or years is normal go back down normal go back in the government forced banks to people who had no business buying property would guess that nothing bought in the government forced.

5. Ed Atun on November 5th, 2009 4:50 am

   For the last years the salary necessary to rise or prices have to afford the salary necessary to afford the average price house then the average price house then the salary has not been adequate to go down.
   For the market is in balance for the last years the salary equals the market is in balance for the last years the last years the salary equals the last years the salary equals the last years the last years the last years the salary equals the average price house then the average salary necessary to afford the salary necessary to go down.
   For the average salary necessary to rise or prices have to rise or prices have to afford the average price house either salaries have to go down.
   An average house either salaries have to rise or prices have to afford the last years the salary has not.
   An average house either salaries have to go down.