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January 31, 2010

Real estate poll: Cautious optimism

Most of you -- the survey-takers among you, at least -- are calling a bottom on home prices in your own neighborhoods. Just over 60 percent believe prices will stop falling at some point this year.

Here's how last week's Wonk poll turned out:

26 percent believe home prices in your own neighborhoods will flatten out this year, the most popular answer.

21 percent said they'll fall for a while but then flatten out

20 percent expect continued falling through the year, but not as bad as last year

11 percent are in the "worse to come" camp, predicting bigger price drops this year

10 percent see blue skies ahead this year -- price increases

7 percent think prices will fall as sharply this year as last year

5 percent believe prices will fall for a while but then start to rise

And one reader wrote in an answer: "Same for 15 years out."

Thanks for playing, folks. Now: Next poll!

Posted by Jamie Smith Hopkins at 7:00 AM | | Comments (0)
Categories: Polls
        

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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