Tracking Real Estate predictions
What's the recent track record? Let's start with this prediction published in the Seattle Times, December 30, 2006:
Oops! By December 30, 2007, the "prediction" for 2007 by Gardner published in the Seattle Times had changed:
Just over one month later, on January 29, 2008 in the Seattle PI, there's no mention of zero percent appreciation:
What's the prediction going to be next month?
:P :roll:
"This bubble lunacy is still prevalent, but not in Seattle, and I'll keep saying that," said Gardner, of the land-use economics firm Gardner Johnson...He expects closer-in areas to appreciate about 10 percent over the coming year...
http://seattletimes.nwsource.com/html/r ... dix31.html
Oops! By December 30, 2007, the "prediction" for 2007 by Gardner published in the Seattle Times had changed:
Gardner now expects 2007's annual appreciation for the Seattle area to be in the 2 to 3 percent range...For 2008, Gardner is predicting anywhere from zero appreciation to home prices falling as much as 5 percent.
http://seattletimes.nwsource.com/html/r ... der30.html
Just over one month later, on January 29, 2008 in the Seattle PI, there's no mention of zero percent appreciation:
"We're going to go negative," local land-use economist Matthew Gardner predicted.
Seattle-area prices should drop about 5 percent this year, he said. "That will turn around next year, but it's going to be anemic going forward."
http://seattlepi.nwsource.com/local/349 ... ing30.html
What's the prediction going to be next month?
:P :roll: