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Can I sell this home in a few years for more than I paid?
Buyers often wonder and frequently ask me if they will be able to sell their home in a few years for more than they paid.  The correct answer to this question is, "I don't know."  Home prises rise and fall with the market, and there is no way to accurately predict what will happen.  There are some demographic trends that suggest certain long term direction in demand for housing.  Problem is that even population growth can't be used as a completely accurate indicator of housing demand trends.
Although we can predict population growth with fair accuracy, we have a harder time projecting population numbers into household numbers.  A more or less vibrant economy will influence the number of multi-generation households, as we are experiencing today.  What we do know is that economic trends have slowed the number of new homes being built, possibly to a level at or lower than replacement rates.  The number homes being built in a year is close to the number of homes being torn down or lost to flood, fire, wind, etc.  
The best news is that we cannot predict that your home will lose value in the next few years either.  That is something that ... more

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