Predicting the future is impossible, but we can at least take an educated guess with the right information. If I were to predict where housing prices are headed (and I do!) I would pay most attention to Iowa’s Leading Economic Indicator Index. It has proven to have a direct relationship with employment and housing prices.
The index recorded a reading of 104.5 for August, down 0.3 from July. More importantly, the yearly growth turned negative, if by only -0.01%!!! The trend is definitively down, which doesn’t bode well for employment and housing prices. GREAT NEWS… for buyers 🙂
If you are thinking of selling, you need to give me a call and we’ll talk about timing your sale in this market. A matter of months could make a difference of up to 10% in the sale of your home!
Des Moines Real Estate Blog 