Minneapolis, MN: Homes values have certainly seen a roller-coaster ride. The big run up in from 2000 to 2006, then the crash.
The big question in everyones mind, is what will happen to values in the future? Looking at the chart below, you can see an anticipated rise of 21% in values by 2016.
This is great news all around. Those with existing homes who have lost value should regain a lot. Those buying at today’s rock bottom home prices, and rock bottom low interest rates should see nice appreciation.