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Is the housing market going to pick up?


Question by poetgirl: Is the housing market going to pick up?
I am still very interested in real estate and house flipping. Given how the market and economy is right now, if and when do you expect it to pick back up. And would it be a good idea or not to get into that business at this time.

Best answer:

Answer by Ace
With the cost of houses at their lowest point in years, now is definitely the time to buy real estate. In this market you should still be able to flip houses. The housing market will come back. My guess is in 6 months to a year we’ll see it pick up. People thought gas prices were going to keep going up to $ 5 a gallon, but now it is down to around $ 1.50 a gallon.

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One Response to “Is the housing market going to pick up?”

  • peter n:

    All real estate is local. Things may pick up in one market and still be in the toilet in others. The first ones to turn bad will probably be the first ones to recover. Try San Diego.

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