According to an article by housingpredictor.com. There are only few markets nationally that are predicted to have real estate appreciation in 2009. One of those markets is Cache County Utah. The basis for this data has to do with housing trends, economic data, growth, and about twenty other factors.
While I would love to see home prices rise in the Cache County Real Estate market, and hope this is the case. In reality I think that we'll be lucky to break even. Unless something dramatic happens, and more homes start selling reducing inventory, we're not likely to see appreciating values. In January, we already have more than 700 active home listings. This is about 200 too high for this time of year for Cache County.
Hopefully these guys know something more than I do, if so, you have nothing to be afraid of when considering buying real estate in this part of Northern Utah, because your home may actually go up in value.
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